Video: MR Govt. launched projects without funds - CBK

12 June 2015 01:42 pm - 49     - {{hitsCtrl.values.hits}}

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Former president Chandrika Kumaratunge said today the Mahinda Rajapaksa government had initiated development projects illegally without finding funds needed for them and that the present government has had to pay back the loans obtained by them at exorbitant interest rates.

“No project can be initiated without crediting funds in the Treasury or finalising documents needed to fund such projects. It is illegal to do so. But the previous government launched such development projects including a drinking water supply scheme at an estimated cost of Rs.560 billion. They were forced to obtain loans at exorbitant interest rates to fund this project when contractors asked for money. Governments usually do not obtain loans at an interest rate of more than 2 percent but the previous government had obtained loans at interest rates of 9 per cent from China and European countries,” Ms. Kumaratunge said.

She said the government was renegotiating development projects initiated by the previous government without following the due tender procedure.(Ajith Siriwardana)

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  Comments - 49

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  • dulan Saturday, 13 June 2015 07:31 AM

    Both are equally bad so was DS who wanted his son to replace him, Banda who came to power selling Sinhala only, Srimavo who was clueless , Premadasa who though hard working was a nut and JR who created 58 and 83. All these leaders made our country drop from No.2 position in Asia in 1948 to near bottom now.

    Chandra Friday, 12 June 2015 09:14 PM

    She shows how tp not do any development during her tenure. We were not just wake up suddenly. via DM Android App

    firebot995 Friday, 12 June 2015 09:15 PM

    no funds no projects from 1996-2005 what a rotten tomato via DM Android App

    Banda Saturday, 13 June 2015 07:39 AM

    Dear MadamDifference between Your regime and his is you did everything for you and your catchers while he did everything to the country and for the betterment of the nation by large even without funds which is a great move.

    John Friday, 12 June 2015 09:37 PM

    What have you done ? You sold air lanka, gas, steel, cement etc. What development did you do with those funds ?

    ishanka Saturday, 13 June 2015 09:00 AM

    What is the role this woman plays in the government ?

    REALPATRIAT Friday, 12 June 2015 09:50 PM

    Peace loving people salute you and than k you wholeheartedly for the devoted endurance that helped to change the rude regime via DM Android App

    ishanka Saturday, 13 June 2015 09:03 AM

    Is it without funds , you raised salaries and reduce tax on fuel ? The financial status of the country is in dire state because of subsidy given by you .

    George Friday, 12 June 2015 09:52 PM

    You are on seventy now.....face is clrearly showing that .??time to retire ....???...wish you a happy retired life ...

    dilip Friday, 12 June 2015 09:54 PM

    It is very easy to blame people.If ever it is proved that MR has done bad, then he should be punished. Until then he is pure clean. What ever said and done people should not forget what MR. and Mr.Gota did for our country.All these commentators living in or out of the country are free to walk any where they like in Srilanka with out any fear today. .Mme.Big mouth Chandrika, what did she do ?Through out she was a hindrance to the development of our country.Even during the time of Mr. Ranil. I think she is trying to clear the route for her children to get in to politics.People should not forget her part during the seventies and the eighties. There are a couple of books written about her by Mr.Victor Ivan,please read them, and that will explain what kind of a character she was.

    John Friday, 12 June 2015 09:55 PM

    Spend some time watching this video. Confession of an educated upper class person from the Colombo society whom we are called to send to parliament in lieu of uneducated villagers!

    Yan Friday, 12 June 2015 09:55 PM

    If MR tries for PM post in next election.. President should propose CBK as Prime Ministerial Candidate....

    lanka Friday, 12 June 2015 09:55 PM

    Sattelite did sweet nothing during 10 years, just vanish from the scene you are a disaster!

    Vijay Sunday, 14 June 2015 03:04 PM

    When you say these things, people will not vote but hoot.

    Hiran Gunawardena Friday, 12 June 2015 10:09 PM

    With or without we dont need to see or hear your ugly shadow lingering around us ever. Just get the hell out via DM Android App

    Jaya Friday, 12 June 2015 10:06 PM

    You have no right to talk about M.R. or this country, What ever corruption was done by M.R. he was the man who saved our country. MY3 government must also investigate about how you got money to buy a palace in U.K.

    සරත් Friday, 12 June 2015 10:10 PM

    එතකොට මහින්දට ඉස්සෙල්ල ආපු නායකයෝ රට සංවර්දනය කලේ නැත්ද ? ඔබ වැනි පහත පුද්ගලයින් DS සේනානායක වැනි නායකයින්ටත් ඉහලින් මහින්දට වඳිනවා

    J R Rajasinghe Friday, 12 June 2015 10:13 PM

    Time for you to gracefully move away letting the New president govern. Every time you are seen more support MR gets.

    Nismy Friday, 12 June 2015 10:53 PM

    Then how come that government finished many projects unlike your government that did not do a single thing?

    Hubert Friday, 12 June 2015 11:09 PM

    This country belong to intelligent people, he sold the county down the river !!

    Harry Sunday, 14 June 2015 05:12 PM

    Yeaah! now the government will allow same sex marriages in the only thing SL needs now!

    sha Saturday, 13 June 2015 11:23 AM

    are you still president country or whats the your role in this country

    Rathasiri Friday, 12 June 2015 11:38 PM

    You know, MR even started the "WAR" against LTTE without so called funds and finished it in grand style within 3-4 years. How about that?

    Vina Sunday, 14 June 2015 05:29 PM

    Sonia and International community did it by using MR.This is the truth>MR tried to get credit.He is stupid so International community including India removed from the top post.

    SidathB Saturday, 13 June 2015 12:44 AM

    Natanna beri ekata polawa edhai

    Harith Saturday, 13 June 2015 12:58 AM

    Wow CBK. MR government was able to complete highways, ports, Airports, city development and many more without funds. MR should right a book and teach other countries on how to develop a country without funds.

    Yahapaluwa Saturday, 13 June 2015 02:11 AM

    when we look at the scale of development projects completed in last decade it does not look like there was any problem in getting funds for these projects. The development was going on without any interruption until this government came to power

    yahapaluwa Saturday, 13 June 2015 02:19 AM

    the lending banks have professional advisers, accountants, financial officers who look into development projects before they approve loans, and they mostly lend on proportions with the progress of the project. Previous government done a great job in development to get finance continuously

    yahapaluwa Saturday, 13 June 2015 02:33 AM

    The lending banks wont approve projects that not give economic growth to a country, as there will be a risk in getting loan repayment from the borrower, if someone saying the project done in South including the airport is a waist, well ask yourself how did previous government got finance approved.from these professional lenders.

    Palle Saturday, 13 June 2015 08:45 PM

    Her own development. Bought a palace on UK.

    Ponil Singhe Sunday, 14 June 2015 06:28 PM

    Go away witch. You double faced stupid hag. Look at the mess you bribe taking "meharaka" did to the country since January.You do not have a right to talk..stealing drinking witch..how come your kids had so much money while you were president? You kids do not have any right to politics- same as that fool Sajith. Just because the dad was a politican does not mean kids ---it has to come with .MR and Gota did a great service to this country. You "B"i%^" please go away and do not come back again..

    kumaran Saturday, 13 June 2015 03:42 AM

    Yet again a stupid statement! Does not impress the learned, nor the ordinary voter! All that is relevant is that they STARTED. Go on talking, delay the elections and you MAY find yourselves at the receiving end.

    Nelum Fernando Saturday, 13 June 2015 12:12 PM

    Does she think that she is mother Theresa? Her time is over and she should keep away from making statements related to Development of the country mainly because she has no idea what Development means.

    Giabao Friday, 12 June 2015 07:23 PM

    at least they started something unlike you

    Cheers Saturday, 13 June 2015 04:12 AM

    He atleast started development without typical Sri lankan singhalese execuses madam what did you do nothing and do not compare his standards to yours

    Sikuru Friday, 12 June 2015 07:43 PM

    You are not that great either! we saw how you tried to stop Ranil trying to develop the country and undo the mess you created

    Sinha Friday, 12 June 2015 07:57 PM

    Time has proven you to SHUT UP !

    Sikuru Friday, 12 June 2015 08:03 PM

    I hate MR but I have to accept that he did something even though he stole from the country, You should leave from Politics now

    Damien Friday, 12 June 2015 08:08 PM

    The people know that MR was the only leader that developed the country. You are lying to yourselves

    Nims Sunday, 14 June 2015 02:58 AM

    CBK ask yourself what you did during your tenure. ONLY Sanath G knows

    Ruwan Saturday, 13 June 2015 06:51 AM

    No leader previous to MARA brought his whole FAMILY to rule the country and that led to massive scale corruption at the expense of the poor.

    Mevan Saturday, 13 June 2015 06:59 AM

    Actions of goons of MR and his family was leading the Buddhist country towards decadency with drugs, casinos and other corrupt activities.

    nimal Sunday, 14 June 2015 08:03 AM

    Dear Chowra Rajinee please shut up and get out of Sri Lanka.We have enough uneducated, stupid and corruptedpoliticians in Sri Lanka.

    Simenthi Friday, 12 June 2015 08:30 PM

    Ok then, only MR developed the country, he built the victoria dam, built a million houses ,started the Mahaweli project etc as well!

    sg Sunday, 14 June 2015 08:20 AM

    Really, further , she no need to involve in politics. Let them to do their job.

    King Barnet Saturday, 13 June 2015 07:12 AM

    On the pretext of holding media conferences she targets Mahinda on every meeting and makes a mockery and contempt of the public eventually.

    aloka ariyarathne Friday, 12 June 2015 08:43 PM

    MR end the war and developed the country.You lying .

    Sikuru Friday, 12 June 2015 08:44 PM

    are we lying to ourselves by saying that DS senanayake ,JR ,Premadasa ,SWRD etc developed the country as well?

    Sarath Friday, 12 June 2015 08:59 PM

    You need to stop the lying as well many leaders who came before MR developed the country starting from D.S senanayake so pls respect them as well not just your king


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