Govt. should reveal correct picture with figures: Harsha

1 October 2020 11:21 pm - 9 - {{hitsCtrl.values.hits}}

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The government should give the correct picture of Sri Lanka’s economy with proper figures if it is to prove that investor Nimal Perera was wrong in saying that the country will be forced to ban imports totally, SJB MP Dr. Harsha de Silva said today.

Dr. de Silva told a news conference that the government would have to do so and also confirm that Moody's Ratings was also wrong in naming Sri Lanka as a nation with high credit risk.

Leading investor Nimal Perera in his twitter message said the government will have to go for an IMF programme or to a total importation ban. In addition, Moody’s Ratings have downgraded the ratings to CAA1 from B2 pushing the county with very high credit risk. Mr. Perera has said that the government will have to go for a programme with IMF or ban imports totally to pay off debts and improve credit ratings.

“The Department of Census and Statistics will have to release the economic growth rate figures for the 2nd quarter within 75 days for the third quarter. This deadline has now elapsed. We fear that certain people are attempting to manipulate the figure. If the government is claiming that there is a positive outlook it should claim it with figures,” Dr. de Silva said.

“The government will have to increase taxes if it is to take up the burden of the losses. It is the Sri Lankan taxpayers who are going to suffer if the government takes up this burden as taxes will have to be increased to find funds to pay investors the percentage under which the rupee is devalued,” Dr. de Silva said. (Yohan Perera)

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Comments - 9

sam solva Friday, 02 October 2020 02:40 AM

Did your party reveal correct picture when your party was in power.

Francis Kurukulasuriya Friday, 02 October 2020 05:31 AM

These Doctors and Professors of Economics do not have the experience in running a coffee shop as someone said the other day. When Dr. De Silva was in the Yahapalanaya government, he could have rescued/saved the economy of Sri Lanka. What is he now preaching about?

AB Friday, 02 October 2020 06:19 AM

People won't oppose much against stop importing unnecessary good such as flags,kites or even cars if parliamentarians not going to spend saved money for their personal comfort,actually they will support it

Odin Friday, 02 October 2020 06:51 AM

Better not for they'll be coming up with bogus figures as usual!!!

Bhatiya Siriwardena Friday, 02 October 2020 08:17 AM

What he says is that the government should put forward correct figures. The economy is not rosy and the cash Flow is tight as we all can see. Dr Harsha has always been truthful

Fernando Friday, 02 October 2020 09:10 AM

Dr De Silva, Can you please explain how and what you will do in this situation.

Kusal Friday, 02 October 2020 09:18 AM

Expecting miracles Dr. No hope of getting correct figures. Moody's does not have a bunch of crooked, self proclaimed experts like Ajith NC who can cook the books.

Ranjith Friday, 02 October 2020 10:42 AM

Rajapakses always come out with bogus figures what more can we expect from them country is bankrupt due to strikes during yahapalana government and Maitree Mahinda fake government country lost billions

roni Friday, 02 October 2020 10:52 AM

Ask Caba for the formula, he was an expert on it.

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Govt. should reveal correct picture with figures: Harsha

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