Written by Staff Writer
05 Mar, 2019 | 8:01 pm
COLOMBO (News 1st) – Following the presentation of the 2019 budget in parliament today (March 05) the opposition had this to say on how impractical the proposals are;
What is the stance of the UPFA?
Commenting on the matter UPFA MP Anura Priyadarshana Yapa claims that the 2019 budgetary proposals are not practical. He said that although Sri Lanka has a total debt repayment of US$ 5.9 billion for the year that due to the rupee devaluation that the amount translates to an approximate figure of Rs. 1008 billion.
He continued to say that they highly doubt if the government can achieve its objectives due to the massive debt repayments and other state expenses. MP Yapa said that they also identified that by December last year when the printing of currency amounted to an approximate sum of Rs. 90 billion.
He further added that in such a backdrop the economy has only three options;
1. print more money
2. obtain foreign loans
3. sell the national assets to settle state expenses.
27 Jan, 2020 | 08:07 PM
11 Oct, 2019 | 10:28 PM
Are you interested in advertising on our website or video channel
Please contact us at [email protected]