Facebook Pixel Descent of Sri Lanka's public sector | Daily FT - newspaper - Lee esta historia en Magzter.com

Intentar ORO - Gratis

Descent of Sri Lanka's public sector

Daily FT

|

October 15, 2025

REPRESENTING a dismal assessment, the World Bank in its recent Sri Lanka Public Finance Review report had observed that the island's public sector employees earn less than their peers in the private sector as well as counterparts in comparable economies.

Furthermore, as per the report, the public sector workforce is higher than that of similar countries and the Bank had opined the bloated workforce needs to be trimmed gradually through proper planning and well-targeted attrition strategies.

Sri Lanka perhaps had one of the finest and impressive public/civil services in the Asian region during the bygone era. Sadly, the deterioration and decay of the country's public sector is quite gut-wrenching apart from being distressing. Even career Central Bank officials, a minority of semi-government employees who enjoy highly lucrative remuneration benefits, have been disgraced for their unprofessional and unworthy conducts in certain instances. Prominent special grade Sri Lanka Administrative Service (SLAS) officers have been jailed and remanded quite regularly by the courts in the recent past, reflecting the considerable erosion of the nation's public service.

MÁS HISTORIAS DE Daily FT

Daily FT

Daily FT

Wars, rumours of wars, and a game of oil and fire

THE questions on our minds these days are manifold.

time to read

6 mins

March 19, 2026

Daily FT

"Sustainability Reporting for Corporates" seminar on 26 March

A seminar and workshop on “Sustainability Reporting for Corporates” organised by Corporate Legal Consultants will be held on 26 March 2026 from 9:30 a.m. to 12:30 p.m. at the Victorian Hall, The Kingsbury Hotel.

time to read

1 min

March 19, 2026

Daily FT

Iran women's football team returns home after asylum controversy

MEMBERS of Iran’s women’s national football team and their support staff have returned to Tran, the Fars news agency is reporting.

time to read

1 min

March 19, 2026

Daily FT

Daily FT

Naval hostilities off Sri Lanka and the need to preserve Indian Ocean as a zone of peace

Naval hostilities off Sri Lanka’s maritime approaches raise serious questions under international maritime law and neutrality doctrine.

time to read

4 mins

March 19, 2026

Daily FT

Daily FT

First leg of Club Sevens to kick off Saturday at Longdon Place

THE return of club Rugby Sevens to Sri Lanka after a four-year hiatus marks an exciting new chapter for the sport, with the announcement of the BogoLiv - UnionPay International Sri Lanka Rugby Sevens Series 2026.

time to read

2 mins

March 19, 2026

Daily FT

Govt. issues fresh circular to manage public service operations amid fuel crisis

THE Ministry of Public Administration, Provincial Councils and Local Government has issued a circular setting out new guidelines for the continuation of Government office operations, aimed at conserving fuel amid the ongoing crisis.

time to read

1 min

March 19, 2026

Daily FT

PUCSL to decide on electricity tariff hike within March after consultations conclude

■Public consultation process ends with final session at BMICH yesterday ■CEB seeks 13.56% tariff increase for April-June 2026; Rs. 15.8 b revenue gap cited in submission ■Regulator flags cost assumptions, fuel delays and extraordinary expenses

time to read

1 min

March 19, 2026

Daily FT

Daily FT

UN failure to broker a de-escalation is a tragedy for the world

WHAT was anticipated by many to be a limited and swift engagement has now stretched into its 18th day.

time to read

4 mins

March 19, 2026

Daily FT

Daily FT

Summa simmers Thora in sour soup

THE weekend night games seemed to be the preferred choice for the patrons of all ages, as the turnout was more than adequate for pre-quarter finals, that made the atmosphere so colourful and electrifying, it makes watching such games online worthless.

time to read

2 mins

March 19, 2026

Daily FT

Importance of a benchmarking database for effective implementation of transfer pricing regulations

IN an increasingly globalised economy, transfer pricing has become a critical aspect of international taxation.

time to read

5 mins

March 19, 2026

Listen

Translate

Share

-
+

Change font size