JO wants President to summon CB, FM officials to get insight into economy | Daily News

JO wants President to summon CB, FM officials to get insight into economy


Joint Opposition members requested President Maithripala Sirisena to summon Central Bank and Finance Ministry officials to obtain an insight into the country's economic situation.

They made these observations at a press conference at the N.M.Perera Centre, Borella yesterday.

Parliamentarian Bandula Gunawardena said the people will face severe economic difficulties after May 2 due to the implementation of the increase of taxes including the VAT up to 15 percent.

He said the President could get an understanding by summoning Central Bank officials other than its governor and deputy and Finance Ministry officials except its secretary and additional secretary.

"Due to the mismanagement of the economy the foreign reserves have plummeted, foreign investment in the treasury bonds have been withdrawn while the rupee is facing depreciation," Gunawardena said.

"The government could save USD 2.5 billion due to the price drop of fossil fuel in the world market. What happened to this money?".

Professor Tissa Vitarana said the government was continuing with the same UNP economic policy practiced during their earlier regimes.

He said it also has a plan to hand over the Trincomalree Harbour to the US.

Prof. Vitarana added as an initiation the government suggests to take over the defence of the Indian Ocean entirely by the Sri Lanka Navy.

He added that their next step is to bring the US Navy and their sailors to the Trincomalee Harbour which in turn would affect our freedom.

Parliamentarian Vasudeva Nanayakkara said the joint opposition's May Day rally would focus on the economy of the country, suppression and fraud.

Parliamentarian Udaya Gammanpila said as the President had pledged in Polonnaruwa to remove those responsible for the tax increase, IMF officials in Colombo should be removed since the government is acting on IMF recommendations.

Joint Opposition member Mahinda Yapa Abeywardena was also present. 


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