📊 PM Emphasizes Efficient Public Sector and Accounting Standards for Sustainable Growth

At the CMA Sri Lanka National Management Accounting Conference 2026, Prime Minister Dr. Harini Amarasuriya stressed that an efficient public sector paired with an accountable management accounting system is vital for Sri Lanka's post-crisis economic consolidation. Key highlights from the address: • Economic Recovery: Sri Lanka is steadily emerging from its financial crisis, showing active progress across the manufacturing, tourism, and financial services sectors. The current goal is to build long-term competitiveness and resilience. • Public Sector Accountability: Addressing past lapses where government entities failed to submit annual financial reports, the PM warned that legal action will now be enforced against institutions and officials violating reporting standards or deadlines. • Data-Driven Governance: Public administration decisions must rely on scientific analysis and evidence rather than personal agendas. Accounting frameworks must also adapt to account for environmental degradation and social costs. • Education & Professional Development: Upcoming A/L curriculum reforms will integrate vocational training and a one-year internship. professional bodies like CMA Sri Lanka are called to support these initiatives. • Institutional Support: CMA Sri Lanka awarded 100 full scholarships for public sector officers to pursue the CMA Management Accounting Programme to upskill civil service capacity.