Basil new Minister of Finance


Many institutions placed under the new minister

PM gets a whole new ministry

Basil Rajapaksa was sworn in as the new Minister of Finance before President Gotabaya Rajapaksa, and as a member of the Ninth Parliament before President Mahinda Yapa Abeywardena, yesterday (8).

As such, he will be responsible for macroeconomic policies, annual finance and finance laws, public finance management, local and foreign savings and investments, public debts, banking, financial and other activities. insurance, international financial cooperation and social security management, and economic development activities.

Basil Rajapaksa was also sworn in as a new member of the ninth parliament before President Mahinda Yapa Abeywardena, the parliamentary communications department said.

After the official oath / affirmation taken before the President, he signed the list of members kept in front of the Secretary General of Parliament, Dhammika Dasanayake.

It is the third time that he will represent the Parliament, since he was elected for the first time to Parliament via the national list of the United People’s Alliance for Freedom (UPFA) in 2007. In the legislative elections of 2010 , he was elected from the Gampaha district with the highest number of preferential votes in the country, with a record 425,861 preferential votes.

He was Cabinet Minister of Economic Development from 2007 to 2010 in the Sixth Legislature and from 2010 to 2015 in the Seventh Legislature, both terms having taken place during the presidential term of his brother Mahinda Rajapaksa. He has held several positions as senior advisor to the president and head of many presidential task forces.

Born in 1951 in Giruwapaththuwa, Hambantota, Basil Rohana Rajapaksa is currently the head of the Presidential Task Force for Economic Recovery and Poverty Eradication, and the Presidential Task Force on “Creating a Green Sri Lanka with a Durable Solution to climate change ”. He was educated at both Isipathana College Colombo and Ananda College.

After being sworn in, the new finance minister took office at the ministry, promising that he and the government “would put the interests of the people first” and that he “needed everyone’s support” to that end.

He said: “It is a very difficult task. We accept the challenge. Requiring that we all work together, the priority of our ministry, of our government and of myself, is in the interest of the people. Their priority is ours.

Meanwhile, Prime Minister Mahinda Rajapaksa, who until now was finance minister, was sworn in as minister of economic policy and plan implementation yesterday, the Presidential Media Division said.

Under his new portfolio, the Prime Minister will now be responsible for planning and implementing relevant policies to accelerate economic development and social progress on the basis of President Gotabaya Rajapaksa’s national policy statement, titled “Vistas of Prosperity and Splendor”.

The subjects and functions of this new ministry assigned to Prime Minister Mahinda Rajapaksa include the formulation of economic policies, as well as ensuring that the plans are implemented in accordance with prescribed laws, acts and ordinances; that these plans adhere to the National Budget and to the National Investment and Development Program of the State; formulate, implement, monitor and evaluate policies, programs and projects related to the subjects and functions of state corporations and statutory institutions with a view to “the implementation of economic policies and plans”, on the basis of national policies implemented by the government, and in accordance with the President’s decision policy statement of “Vistas of Prosperity and Splendor”.

The new ministry will also facilitate the execution of relevant development activities while coordinating all ministries with the Presidential Working Group for Economic Recovery and Poverty Reduction and the Presidential Working Group to Transform Sri Lanka into a Socio- green economy with sustainable solutions for climate change. .

He will also coordinate with the Presidential Working Group for Rural Development of Gama Samaga Pilisandara.

In accordance with the change, two portfolios of state ministries were reshuffled and as a result two state ministers were sworn in before President Rajapaksa yesterday afternoon, the president’s media division said.

Shasheendra Rajapaksa was sworn in as Minister of State for Production, Supply and Regulation of Organic Fertilizers, Rice and Grains, Organic Food, Vegetable, Fruit, Chilli, Promotion onion and potato cultivation, seed production and advanced technologies for agriculture. With the reshuffle of ministerial portfolios, Mohan De Silva was sworn in as Minister of State for Coastal Conservation and Lowland Development.

President PB Jayasundera’s secretary was also present on the occasion.

The president’s media division added that the functions and duties of a number of ministries have been changed by President Gotabaya Rajapaksa.

In addition to the official publication of the new ministry titled “The Ministry of Economic Policy and Plan Implementation” which will be headed by the current Prime Minister Mahinda Rajapaksa, the president also changed the functions and duties of a number of ministries, including the Ministry of Finance, the Ministry of Economic Policy and Plan Implementation, the State Ministry of Urban Development, Waste Disposal and Community Cleanliness and the Ministry of State of coastal conservation and lowland development.


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