Unregulated spending on infrastructure development not wise: SF

15 September 2016 02:45 am - 9     - {{hitsCtrl.values.hits}}

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Regional Development Minister Sarath Fonseka yesterday warned that it was not wise to invest colossal amounts on infrastructure development just to get a political advantage as Sri Lanka was still a poor, debt ridden country.

Minister Fonseka said his ministry expected to encourage investors to invest in areas away from the townships.

While participating at the launch of an exhibition in Colombo, Minister Fonseka said Sri Lanka should cut down on imports while encouraging exports to save as well as earn foreign exchange.

He said the present government had created an environment where the business community could engage in their business activities without any obstacles being placed in front of them.

“The President and the Prime Minister have formed a national unity government, established democracy and ensured human rights in a country where everyone can work freely. The rule of law and justice prevails in the country today and this has enabled the people to do business without offering bribes or being held to ransom,” he said.

Minister Fonseka said the government was making a sincere attempt to pull the country out of a large hole where the economy was collapsing as a result of the fake development projects launched by the previous regime after obtaining colossal loans at interest rates that were very high. (Ajith Siriwardana)

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  Comments - 9

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  • Ramith Gomes Thursday, 15 September 2016 10:53 AM

    Is it okay to buy a luxury for you from poor tax payers money? Just asking.

    adamsapple Thursday, 15 September 2016 10:53 AM

    Yes we know that you would prefer not to spend any money on developments or rather not to carry out any projects or work benifited to the people.. After all you did not came to power by peoples vote.. so you do not owe them anything...

    Kiris Baba Amaray Thursday, 15 September 2016 11:03 AM

    You are correct Sir, MR got huge loans from China for higher interest and built bridges and laid Highways to develop his wealth with commissions and for political gain, but he had burdened the country

    Desmond Jeromme Thursday, 15 September 2016 11:15 AM

    How about Namal did he buy the Super Luxury Ford Car for 2-3 million? please don't conn man.

    Vijith Pieterz Thursday, 15 September 2016 11:16 AM

    Hay don't insult the Legend who defeated LTTE. Even if he is provided with a car worth 50 million, still it is worth and reasonable.

    Sri Lankan Thursday, 15 September 2016 07:23 AM

    Likewise, do not purchase luxury vehicles at our expense!

    Thanos Thursday, 15 September 2016 08:30 AM

    How about NOT spending 50 million on a fancy car for yourself using taxpayer money? That would be a nice gesture.

    j$R0m$ Thursday, 15 September 2016 09:14 AM

    i think theres a typopresent (previous) government had created an environment where the business community could engage in their business activities without any obstacles being placed in front of them.

    Citizen Thursday, 15 September 2016 10:06 AM

    When you open your mouth you only have personal vendettas to talk about


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