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Currently, Sri Lanka allocates less than 2% of its GDP on education, which falls well below the international benchmark of 4-6%, making it one of lowest in the region, UNICEF emphasised until 2025. [5] In the 2025 Budget, Sri Lanka has made a historic investment in education, allocating substantial funds to enhance various aspects of the sector.
1 January – The "Clean Sri Lanka" national initiative commences under the patronage of President Anura Kumara Dissanayake. [1]16 January – The government announces an agreement with Chinese state oil company Sinopec valued at $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels in Hambantota.
Sri Lanka: 23 September 2024 [a] [4] [2] Minister of Defence: 24 September 2024 [a] Minister of Finance, Planning and Economic Development: 24 September 2024 [a] Minister of Digital Economy: 18 November 2024: Harini Amarasuriya: National People's Power: Prime Minister: Colombo: 24 September 2024 [a] Minister of Education, Higher Education and ...
Sri Lanka's president said Wednesday that he is seeking a loan repayment moratorium until 2028 as the debt-ridden county tries to emerge from bankruptcy. President Ranil Wickremesinghe told ...
Education in Sri Lanka has a long history that dates back two millennia. While the Constitution of Sri Lanka does not provide free education as a fundamental right, the constitution mentions that 'the complete eradication of illiteracy and the assurance to all persons of the right to universal and equal access to education at all levels" in its section on directive principles of state policy ...
Sri Lanka issued its first international sovereign bond in 2007, with high interest rates to incentivise investors. According to commentators, the money was used to fund vanity projects rather than projects of national utility. [40] Sri Lanka's foreign debt increased substantially, going from US$11.3 billion in 2005 to $56.3 billion in 2020. [41]
No candidate wins a majority in the first round, forcing a second round of vote counting for the first time in Sri Lanka's history. [115] 22 September – 2024 Sri Lankan presidential election: The second round concludes, with NPP candidate Anura Kumara Dissanayake being declared as president-elect of Sri Lanka.