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President to present Budget 2024 tomorrow

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President Ranil Wickremesinghe in his capacity as the Minister of Finance will present Budget 2024 in Parliament on November 13 (tomorrow) at 12 noon.

The debate on the Second Reading of the 2024 Budget will begin on November 14 and continue for seven days till November 21. 

Following the debate, the vote on the Second Reading of the Budget will be taken on November 21 at 6 pm.

The Committee Stage debate or the Third Reading debate on the Budget will begin on November 22 and continue till December 13. 

The vote on the Third Reading of the Budget 2024 will be taken on December 13 at 6 pm.

State Minister of Finance Dr.Ranjith Siyambalapitiya told the media recently that none of the demands presented with regard to Budget 2024 would be discarded and highlighted the importance of deliberation on all economic issues.

A salary hike for State sector employees is to be proposed in the upcoming Budget 2024, with President Wickremesinghe also promising to request the private sector to increase salaries of employees following an unprecedented rise in commodity prices due to inflation triggered by the 2022 financial crisis.

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“The Seven Moons of Maali Almeida” wins French literary prize

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Sri Lankan author Shehan Karunatilaka has won the 8th Émile Guimet Prize for Asian Literature for the French translation of his novel “The Seven Moons of Maali Almeida”.

According to the Sri Lankan Embassy in France, Karunatilaka was awarded the French literary prize by the Guimet Museum on June 05.

“The Seven Moons of Maali Almeida”, was translated from English by Xavier Gros and published in French by Calmann Lévy in 2024. 

The president of the Guimet Museum, Yannick Lintz, in a statement, praised the work’s “literary invention of universal dimension” and “the modernity and radicalism of its writing.”

“The Seven Moons of Maali Almeida” also won the prestigious Booker Prize in 2022.

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10-hr. water cut tomorrow in Gampaha District

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A 10-hour water cut will be imposed in several areas in the Gampaha District tomorrow (June 11), the National Water Supply & Drainage Board (NWSDB) has announced.

Accordingly, the water supply to the Peliyagoda, Wattala, Ja-Ela and the Katunayake-Seeduwa Urban Council areas and Kelaniya, Biyagama, Mahara, Dompe, Katana, Minuwangoda and Gampaha Pradeshiya Sabha areas will be suspended from 08:30am – 06:30pm tomorrow, the NWSDB said.

The NWSDB noted that the water cut is being imposed to facilitate the connection of the solar grid at the Biyagama Water Treatment Plant to the main grid and also to carry out essential maintenance activities.

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First Dy. Managing Director of IMF to visit Sri Lanka

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Dr. Gita Gopinath, the First Deputy Managing Director (FDMD) of the International Monetary Fund (IMF), is scheduled to visit Sri Lanka from June 15 -16, the Central Bank of Sri Lanka states.

The CBSL adds : This visit is significant, as it marks the first time since 2005 that a serving FDMD of the IMF visits Sri Lanka. During this visit, Dr. Gopinath will be the guest of honour at the conference on “Sri Lanka’s Road to Recovery: Debt and Governance”, jointly co-hosted by the Ministry of Finance, Central Bank of Sri Lanka and the IMF, scheduled to be held on 16 June 2025. At the mid-point of the IMF-supported reform programme, the conference aims to reflect upon the lessons learnt from Sri Lanka’s experience in restoring macroeconomic stability, implementing debt restructuring and governance reforms, and to focus on the challenges ahead. Additionally, FDMD is expected to hold bilateral discussions with the Sri Lankan authorities and several key stakeholders on the IMF’s engagement with Sri Lanka.

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