President Ranil Wickremesinghe addressed the District Coordination Committee meeting at the Presidential Secretariat today, unveiling plans to allocate Rs. 11,250 million through the Decentralized Budget. The announcement marks the end of a three-year hiatus in such allocations, signifying a renewed commitment to regional development.

President Wickremesinghe expressed his dedication to bolstering local initiatives and empowering district administrations. The allocated funds are slated for release to District Secretaries in the first week of January, injecting much-needed financial support into grassroots projects and regional development endeavors.

The President emphasized the importance of decentralized budgeting as a means to address local needs effectively. This move aligns with the government's strategy to empower districts in shaping their development trajectories, ensuring that resources are distributed equitably to foster growth at the grassroots level.

The Rs. 11,250 million allocation is expected to fuel a range of initiatives, including infrastructure projects, community development programs, and other essential services that directly impact the lives of citizens at the district level. This move is anticipated to stimulate economic activity, create employment opportunities, and enhance the overall quality of life in diverse regions across the country.