Hon. Major General (Rtd.) Aruna Jayasekera
2026-02-17
Deputy Minister of Defence Major General (Rtd.) Aruna Jayasekera reported on developments following the restoration of operational powers to the Navy. He stated that since November, the Navy has conducted 354 operations at USD 1,750 per operation, generating over USD 620,000 in revenue. A key reform highlighted was that 100% of USD earnings now flows to the Consolidated Fund, compared to only approximately 19.25% previously reaching the State, with the joint venture's access to Navy armories having been terminated and related legal proceedings currently before the Supreme Court.
Significant progress has been achieved since powers were restored to the Navy. The Navy has contracts with existing and new companies. Access by the JV to Navy armories has been terminated; related legal matters are before the Supreme Court.
Since November, more than USD 620,000 has been earned; 354 operations have been conducted; we charge USD 1,750 per operation. Now, 100% of revenue (in USD) goes to the Consolidated Fund—previously only 15% (plus 4.25% to RALL) reached the State. This ensures transparency and proper management of public resources.