Several initiatives to revive economy: Finance Ministry

1 November 2018 09:25 pm - 16     - {{hitsCtrl.values.hits}}

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Prime Minister and Minister of Finance and Economic Affairs Mahinda Rajapaksa has given direction to implement several initiatives to revive the economy as the consumers are saddled with high cost of living, Finance ministry said today.

It said in a statement that the President and the Prime Minister have raised concerns regarding the serious setback in the economy as reflected in the persistently low growth rates during the last 3 years along with the rising cost of living.

“Prime Minister is of the view that ill-conceived economic and financial policies of the previous Government have led to this situation by marginalizing local entrepreneurs, industries and domestic production,” the statement added.

  Comments - 16

  • Unchikun Thursday, 01 November 2018 10:07 PM

    The simple solution is to eliminate corruption. This is how Mr. Lee Kuan Yew developed Singapore. We need to vote for non corrupt candidates at the futures elections.

    Lalith Thursday, 01 November 2018 10:11 PM

    please give the due place to local entrepreneurs and they will do the job. Mangala behaved like an enemy towards local entrepreneurs

    Hari Mani Thursday, 01 November 2018 10:17 PM

    Whose economy? Your extended family economy or country's/its citizen's economy?

    Max Thursday, 01 November 2018 10:17 PM

    Superb. But still the so called toyyas will dislike to this initiative too.

    Mandy Thursday, 01 November 2018 10:17 PM

    How can you revive economy by reducing prices of 3 foodstuffs, telecom levy and fuel prices. All this will lead to increased domestic consumption while govt revenue will fall. Magic formula.

    J. P. Thursday, 01 November 2018 11:50 PM

    Thank you, sir. we have been in very difficult life ecomicaly falling into Chinese trap. Please boom our economy up begging Chinese more loan.

    Saman Thursday, 01 November 2018 11:51 PM

    Whose economy?

    Widya Thursday, 01 November 2018 11:58 PM

    You can say anything you want but ill-conceived economic and financial policies of your government is the reason we are in this situation today MR. Your reckless borrowing from China is the reason we have massive debt payments today that we cannot afford. Nice try blaming someone else for your recklessness though!

    Maru Friday, 02 November 2018 01:50 AM

    Yep! Sure what are your effective measures? Borrow more from China and fool us all? Unless a leader talks about reviving the economy by innovating and locally producing I dont belive any person.

    Muown Friday, 02 November 2018 02:58 AM

    The first will be to sell prime lands in Colombo to Chinese to set up Chinatowns and pocket a commission too.

    sara Friday, 02 November 2018 04:07 AM

    everything will go in ashes , if you fill your pocket first

    Tinkiriya Friday, 02 November 2018 05:35 AM

    Only a few initiatives will happen. Continue in the disastrous path selling our national assets to China, undertake more loans and start useless projects that would generate commissions to the Rajapuksha family while the poor people of this country will drown further into debt.

    Gamini Friday, 02 November 2018 06:06 AM

    Who are you trying to convince with just draft statements?

    Samare Friday, 02 November 2018 07:13 AM

    Shall we send another Supreme satellite...?

    NIHAL Friday, 02 November 2018 07:37 AM

    SIR THANK YOU VERY MUCH GIVING ALL PUBLIC SUBSIDIARY RATES FOR VARIOUS ESSENTIAL ITEMS PLEASE SIR WHAT ABOUT ALL UNNECESSARY SPENDING SUCH AS DUTY FREE PERMITS RENTING OUT SUVS AT ALL MINISTERIAL LEVELS PARLIAMENT HARBOR PETROLEUM ELECTRICITY BOATD PHARMASEUTICALS MINISTERIAL FAMILY STAFF RENTING OUT BUILDINGS AT HIGHER COSTS SIR REDUCED THIS SPENDING SIR

    GH Friday, 02 November 2018 06:32 PM

    May GOD bless your Excellency.


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