Vote on account presented to Parliament

Vote on account presented to Parliament

Vote on account presented to Parliament

Written by Staff Writer

21 Dec, 2018 | 4:09 pm

Colombo (News1st): A vote on account to cover expenditures for the next four months was presented to Parliament by Finance Minister Mangala Samaraweera.

Minister Samaraweera noted that if they are not able to approve the vote on account today (December 21), as mentioned a week ago in the Parliament, the whole country would be in a great economic crisis.

He added that they were able to have a surplus in the primary account in the first 6 months of 2018 and in October inflation was nearing 0.1 %.  The minister noted that they were able to maintain the levels of foreign capital savings to around 8000 million dollars.

He went onto note that the estimated values of the assets and debts were stable and the IMF increased the support it gave Sri Lanka, as a result of the economic management that was had.

Opposition Leader Mahinda Rajapaksa speaks in parliament stated that when they took over the country the businesses were collapsing and many lost their jobs and the current government should be held responsible.

He added that the finance minister Mangala Samaraweera tried to fill the treasury by suppressing the people, but, they meant to change that situation.

The opposition leader noted that if the government agrees and does what the IMF instructs to, they will be in trouble, therefore, he suggested that they look into the people and act accordingly.

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