A sweeping economic vision takes shape as Minister K.D. Lalkantha calls for full state participation, aggressive public investment, and a stronger government role to drive Sri Lanka’s future growth.
The government’s primary objective is to reestablish itself as a strong investor and revive state institutions that have been weakened over time, according to Minister of Agriculture, Livestock, Lands and Irrigation K.D. Lalkantha. Speaking at a special discussion on preparations for the 2027 national budget held at the Ministry of Lands on January 28, the Minister outlined a clear shift in economic direction.
Addressing senior officials, Minister Lalkantha emphasized that the state should not depend solely on the private sector but must actively participate in market competition as an entrepreneur. He stressed that the government should enter key sectors directly, positioning itself as a decisive player in investment and economic activity.
He noted that the state sector, which had been constrained under previous administrations, would be expanded once again. According to the Minister, public service capacity will be strengthened through salary increases and new recruitments carried out without unnecessary delays, ensuring a more efficient and motivated state workforce.
The Minister further instructed officials to ensure that at least 90 percent of allocated budgetary funds are utilized effectively, highlighting the need for discipline, accountability, and performance in public spending.
Referring to political economy principles, Minister Lalkantha stated that socialism is fundamentally based on full government participation. “What we are doing now is increasing the government’s share. Socialism means 100% government. If we pursue the goals, we can achieve good results,” he said.
He concluded by directing officials to align the 2027 budget planning process with this policy framework, reinforcing the government’s intention to expand its role in the economy while creating fair competition with the private sector.
