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

The Hon. Mayilvaganam Jegatheeswaran

Jathika Jana balawegaya· Vanni· 10 November 2025 ·Debate: Adjourned Debate on Budget Bill – Second Reading

Public FinanceCorruption & Governance ReformParliamentary Procedure
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Hon. Mayilvaganam Jegatheeswaran paid tribute to former MP Nadarajah Raviraj on the 19th anniversary of his death and urged Members to uphold the dignity and privileges of Parliament by avoiding unparliamentary conduct. Speaking in support of the Government’s second Budget, he argued that the economy had moved from contraction to about 4 per cent growth, with foreign reserves reaching USD 6 billion and significant cash holdings. He stated that the Government was meeting debt obligations, including a planned Rs. 1,878 billion in principal repayments in 2026, while pursuing economic stability and anti-corruption efforts.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 Hon. Presiding Member, today is an important day as we take part in the debate on the second Budget presented by our Government. Today also marks 19 years since former MP Nadarajah Raviraj left this world — a great man who, without abusing power or engaging in corruption or fraud, spoke fearlessly as a voice of the Tamil people. I pay my respects to him.

¶ 02 As Thiruvalluvar said, “Learn thoroughly what is worth learning, and once you have learnt it, live according to it.” We in this august Assembly claim to be learned, but how far do we live by what we have learned?

¶ 03 Safeguarding the dignity and authority of Parliament — the supreme body of our country — is vital. Yet a few Members continuously damage its dignity, using unparliamentary words and breaching others’ Privileges. I humbly request all to protect the dignity and authority of Parliament. One who mocks another’s weakness is himself weak.

¶ 04 Turning to the Budget presented by the Hon. President as Finance Minister, we can now see, step by step, a path toward economic stability. When we took responsibility, the economy was declining; now, from around -7% growth then, it has rapidly turned to positive — reaching about +4%. Our foreign reserves have reached USD 6 billion; the Government holds LKR 1 trillion in cash. Within a year, this stabilization has been achieved while combating corruption and protecting stability.

¶ 05 The Opposition had said that by 2028 the country would be irretrievably mired in debt, unable even to meet interest. But we are paying debts and interest. For 2026, we intend to repay Rs. 1,878 billion in principal.

¶ 06 Hon. Member, your time is up.

Provenance

Source
Hansard, Monday, 10 November 2025 ·No. 22753 ·English daily/uncorrected Hansard
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Cite as: The Hon. Mayilvaganam Jegatheeswaran. 10th Parliament, Parliament of Sri Lanka. Hansard, 10 November 2025. No. 22753. Politick, https://staging.politick.io/lk/speeches/20578