Under the island's constitution, Kumaratunga is now allowed to sack parliament and call an early election following the passing at midnight Saturday of the first anniversary since her coalition government gained control of the legislature.

Analysts say Kumartunga may take the chance because she believes her handling of the December 26 tsunami relief operations is widely appreciated in the country. Nearly 31,000 Sri Lankans died in the tsunamis and one million were initially made homeless.

The president may call an early election to see if her party can rule without the help of the Marxist JVP, or People's Liberation Front, which opposes peace talks with the Tamil Tiger rebels and plans to sell or privatise state-owned companies, a source close to her Freedom Alliance party said.

"She can go before the people to seek a fresh mandate to carry out the reforms and enter talks with the Tigers," the source said. "But it will be a high risk enterprise."

Political and military analyst Harry Gunatillake said Kumaratunga's own political career was at stake as her second and final six-year term as president was drawing to a close.

"The president can call a quick general election," Gunatillake said.

Kumaratunga was sworn in for a second and final term in December 1999.