Sri Lanka, March 21 -- President Anura Kumara Dissanayake says that the bills to abolish the pension for Members of Parliament (MPs) and to amend the Presidents Entitlements Act will be introduced soon.

He made these observations while delivering a statement in Parliament this evening (21), participating in the final day of the Third Reading debate on the 2025 Budget.

The President also stated that steps will be taken to reduce the existing insurance coverage for MPs from Rs. 1 million to Rs. 250,000.

Dissanayake also stated that he submitted a letter to the Parliament today stating that he does not want his MP's pension.

Addressing the House, he further said;

"We came to know some things only now. When I become President, I will rec...