ECONOMYNEXT – The decentralized budget for the districts, 11,250 million rupees, would be distributed to all district secretaries next month, President Ranil Wickremesinghe said at a District Coordination Committee meeting on Thursday (21).
Wickremesinghe directed the committee chairpersons to prioritize development activities aimed at uplifting the rural economy.
“We must reconstruct the grassroots economy and this time, a substantial decentralized budget has been allocated. These funds are distributed to every district. At the regional division level, it is imperative to engage with representatives and solicit proposals for development activities,” Wickremesinghe said.
In addition to the funds allotted to each district, extra financial support will be directed towards the upcountry areas, Wickremesinghe said.
“We anticipate allocating these resources for the development of the upcountry areas over the next 5-6 years, with a specific focus on the advancement of underdeveloped Sinhalese and Tamil villages in the upcountry area.”
“Funds have been earmarked for provincial councils, ministries have been allocated capital funds, and various projects are underway with foreign aid.”
The primary aim was to bring about tangible benefits for the villagers, he said.
“This program needs to be executed in a manner that injects financial resources into the villages. While advancing the national economy, it is crucial to uplift the economic status of the villages.
“Furthermore, through the agricultural modernization program, we anticipate a significant increase in agricultural production over the next two years. The goal is to establish a competitive agricultural sector, with the mid-term benefits directly impacting the village economy.” (Colombo/Dec22/2023)