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Sri Lanka announces plans to downsize military by half by 2030

“The overall aim of the strategic blueprint is to broach a technically and tactically sound and well-balanced defence force by the year 2030 in order to meet upcoming security challenges,” the statement quoting the state minister of defence Pramitha Bandara Tennakoon said.

Sri Lanka announces plans to downsize military by half by 2030

Cash-strapped Sri Lanka on Friday (13) announced plans to reduce the current strength of its military to half by 2030 to build a technically and tactically sound and well-balanced defence force, amid criticism that military expenditure was more than the allocation for health care and education in the 2023 budget.

The Army's strength is to be reduced to 100,000 by the year 2030, down from the current figure of 200,783. The strength would be limited to 135,000 by next year, the Defence Ministry said in a statement.


“The overall aim of the strategic blueprint is to broach a technically and tactically sound and well-balanced defence force by the year 2030 in order to meet upcoming security challenges," the statement quoting the state minister of defence Pramitha Bandara Tennakoon said.

The defence allocation of 539 billion rupees (£1.2bn) in the budget 2023 drew criticism as the island nation faced its worst economic crisis since 1948. Due to the forex shortage, Sri Lanka was unable to afford key imports, including fuel, fertilisers and medicines, leading to serpentine queues.

For health and education, the 2023 budget has allocated over 300 billion rupees (£674 million) each.

Although the strength had been halved from around 400,000 since the conflict with the Liberation Tigers of Tamil Eelam (LTTE) ended in 2009, the current strength of 200,000 was termed excessive.

President Ranil Wickremesinghe said last year that military strategy reforms were needed to gear the island’s army to face new challenges.

The Tamil minority and rights groups have been demanding the descaling of the military in the former battle zones in the conflict regions in the Northern and Eastern provinces.

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  • Inheritance tax concerns, not income tax, drove the decision of the "King of Steel" to leave after 30 years in Britain.
  • The departure marks another high-profile exit as chancellor Rachel Reeves prepares major tax rises in the coming Budget.
Lakshmi Mittal, one of Britain's wealthiest men, has ended his three-decade association with the UK, relocating his tax residence to Switzerland and planning to base himself in Dubai. The 74-year-old steel magnate, worth approximately £15.5 bn according to the Asian Rich List 2025, is the latest prominent entrepreneur to leave Britain amid Labour's tax reforms targeting the super-rich.

The Indian-born billionaire built his fortune through ArcelorMittal, the world's second-largest steelmaker, in which he and his family hold nearly 40 per cent ownership. Since arriving in London in 1995, Mittal became a prominent figure in British business, acquiring expensive properties including a £57 m mansion on Kensington Palace Gardens known as the "Taj Mittal."

An adviser familiar with Mittal's family plans told The Sunday Times that, inheritance tax was the decisive factor in the decision. "It wasn't the tax on income or capital gains that was the issue, the issue was inheritance tax."

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