Colombo, Sri Lanka, Nov. 2 -- Ministry of Defence and Urban Development issued the following news release:
Deputy Minister of Defence Major General Aruna Jayasekara (Retd) chaired a meeting at his office in Colombo today (02 November) to discuss the financial sustainability of the Ranaviru Seva Authority (RVSA).
The meeting focused on the role and responsibilities of the RVSA, particularly the contribution of funds credited to the Authority through revenue generated by the National Lotteries Board (NLB) towards fulfilling its mandate. Discussions also covered Treasury allocations received during the past two years, financial forecasts for planned projects in 2027, challenges faced by the Authority in achieving its annual objectives and financial targets, and possible measures to enhance its operational and financial efficiency.
Particular attention was given to the financial support to be provided by the NLB for welfare programmes benefiting Ranaviru personnel and their families. In this regard, a programme package valued at Rs. 440 million was outlined for 2027, representing more than double the Rs. 198 million allocated for similar programmes in 2026.
The proposed 2027 initiatives include housing assistance and other welfare and rehabilitation programmes for Ranaviru beneficiaries. The discussions also focused on identifying priorities and ensuring the effective utilisation of available funds to achieve the Authority's objectives.
The meeting was attended by Defence Secretary Air Vice Marshal Sampath Thuyacontha (Retd), Chairman of the National Lotteries Board Mr Siril Anthony Perera, Chairman of the RVSA Brigadier Senarath Kohona (Retd), representatives of the Ministry of Defence, the Ministry of Finance, the Department of National Budget and the Treasury Operations Department, along with officials of the RVSA.
Disclaimer: Curated by HT Syndication.
