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Budget will land us in more debt

6 March 2019 03:27 am - 5     - {{hitsCtrl.values.hits}}

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Janatha Vimukthi Peramuna (JVP) Leader Anura Kumara Dissanayake said yesterday the budget was an extension of the liberalised economic policies and that this would plunge the country into a deeper debt trap. 

"The open economic policies which was initiated in 1977 put the country into a debt trap and a collapse of the production economy," he said. Mr. Dissanayake said the liberalisation of the economy had created more serious consequences on the economy and this year’s budget was an extension of those policies. 

“The State's debt burden will further increase. The estimated state revenue is only Rs.2,400 billion and estimated state expenditure is at Rs.4,500 billion with a deficit of Rs.2,100 billion. The government will have to obtain more loans to bridge the deficit,” he said.

 

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  • BuffaloaCitizen Wednesday, 06 March 2019 09:11 AM

    Each time this country makes a budget or election is close, blindly benefits are given to armed forces

    supun Wednesday, 06 March 2019 09:53 AM

    10 years after the war is over

    Jude Wednesday, 06 March 2019 09:53 AM

    They teach you in Economics, that all Developing 5th world countries Like SL Bridge the Budget thru Grants and Loans!!! And In SL issuing Lots of Sovereign Bonds too!!! Yeah!!

    gagana Wednesday, 06 March 2019 10:18 AM

    Anura Kumara must prepare the budget and prove how he is going to do a perfect budget. Only talking. Nothing is good for this man

    rew Wednesday, 06 March 2019 11:09 AM

    JVP Bana again


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