10th Parliament· 154 sittings on record · 30,475 speeches · latest 10 June 2026

Hon. K.D. Lal Kantha

Jathika Jana balawegaya· Mahanuwara· 20 February 2025 ·Debate: Budget Bill 2025 - Second Reading Debate

Public FinanceEmployment
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Hon. K.D. Lal Kantha said the Budget gives priority to public and private sector workers, oppressed groups, and others facing heavy social burdens, reflecting the movement’s longstanding focus on those subjected to injustice. He stated that investors and affluent groups are also not excluded, as the Government’s approach of “economic democracy” accommodates both social protection and investment. He rejected classical liberalism, social liberalism, neoliberalism, and full state-control socialism, arguing that this Budget is the first in Sri Lanka to present economic democracy as its guiding doctrine.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 We have paid special attention to workers—public and private—who suffered injustices, and to all other highly burdened groups in society.

¶ 02 Our movement has always stood with the oppressed. Our origins are rooted in the struggles of the oppressed and those subjected to injustice. This Budget reflects sustained attention to those people. If someone says the affluent are happy now, let me be clear: we have not excluded them either. Foreign and domestic investors alike have space. Economic democracy accommodates them too; they are not at fault merely for investing. I have answered those who were bandying about competing economic doctrines.

¶ 03 There are many economic models in the world. We reject Smith’s classical liberalism; we reject social liberalism that arose from Smith’s lineage; we reject the neoliberalism of Ranil Wickremesinghe’s adherents; and we reject the total state-control model of socialism. We embrace economic democracy. For the first time in Sri Lanka, the doctrine of economic democracy has been set and presented in a Budget—credit to our President and to the Minister of Finance, Comrade Anura Dissanayake.

¶ 04 Thank you very much.

Provenance

Source
Hansard, Thursday, 20 February 2025 ·No. 1740657427093848 ·English daily/uncorrected Hansard
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Cite as: Hon. K.D. Lal Kantha. 10th Parliament, Parliament of Sri Lanka. Hansard, 20 February 2025. No. 1740657427093848. Politick, https://staging.politick.io/lk/speeches/16427