MR is not responsible for current economic turmoil: Bandula

17 May 2017 04:54 am - 9     - {{hitsCtrl.values.hits}}

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The latest Central Bank (CB) report for the year 2016 clearly indicates that current economic crisis was not a result of the action of former President Mahinda Rajapaksa or his government, the Joint opposition claimed yesterday.

Addressing a press briefing, MP Bandula Gunawardane said nearly two and half years has passed since the Unity government came in to power and still they are struggling to resolve the economic issues.

MP Gunawardane said by importing crude oil present government had to spend US Dollar 2.7 billions and 2.4 billions in 2015 and 2016 respectively when former President paid US Dollar 4.5 billions only for year 2014 due to price fluctuations in the international market.

He said the former President never sold the country or its resources to any other foreign nation during his ruling despite the country was embroiled with a civil war and so many economic issues.

“It is misleading that country cannot proceed when there is a state debt crisis. It is the present government’s lack of efficiency in the state debt management. As the Finance Ministry failed to manage the economy they are continuously putting the blame on Mr. Rajapaksa,” he said.

Further, he said the Rupee had depreciated to a lowest ebb during the last two years as a result of Finance Ministries short term surviving policies launched to keep the US Dollar value around Rs 135.

Therefore, MP Gunawardane said no one can accuse Mr. Rajapaksa that he is responsible for the recent economic turmoil and the CB 2016 annual report endorses this facts. (Thilanka Kanakarathna)

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  Comments - 9

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  • J Palitha Wednesday, 17 May 2017 11:29 AM

    Tuition master, it is enough you bluffing and praising your master. He is already dead.

    ase Wednesday, 17 May 2017 11:40 AM

    Mr. Bandula`s astral body talking

    Katiem Wednesday, 17 May 2017 11:52 AM

    If MR is not responsible then it must be him. Dumb tuition master.

    Luis Samson Wednesday, 17 May 2017 12:00 PM

    This idiot does not understand that we started with loans that his uncle took to (1) give to himself and his family, (2) build white elephants to satisfy his ego, which are still being paid back. What a moron!

    Bala Wednesday, 17 May 2017 01:58 PM

    Stupid to say : the former President never sold the country or its resources to any other foreign nation during his ruling - This govt only leases land while MR tried to give China 100 acres freehold n Port City. He also gave Krish good land in central Colombo as well as Army land to shangri La.and to Chinese all the land owned by Commercial Company in Col 2.

    roshan Wednesday, 17 May 2017 01:59 PM

    Dont understand why the press is publishing this 2500 tution masters economic calculations, foul mouth, who openly apoligised in the court for telling lies.

    C.K.Lankaputhra. Wednesday, 17 May 2017 05:56 AM

    How can a man who said a family of 5 could live a month with Rs. 7500.00 talk about economy.

    cheena Wednesday, 17 May 2017 02:42 PM

    with the belt and road china has openly promise money to sri lanka with this money what white elephant projects you sri lanka intend to use

    garawi Wednesday, 17 May 2017 04:11 PM

    He said 2500 rupees is enough not 7500!!


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