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MS firm on financial decisions

20 April 2016 08:17 am - 7     - {{hitsCtrl.values.hits}}

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President Maitripala Sirisena is reported to have told the Cabinet meeting yesterday that decisions related to the financial sector and the Central Bank should be taken only through a committee comprising him, Prime Minister Ranil Wickremesinghe and Finance Minister Ravi Karunanayake.

The Cabinet met yesterday for the first time after the New Year, under the chair of the President and discussed, among others, the financial matters.

He had reportedly told at the meeting, that future decisions should be taken regarding the financial and Central Bank matters, only through a committee consisting of him, along with the Prime Minister and the Finance Minister.

He stressed the need to take such decisions through wide consultation.

The President, on Monday, said he would not impose any tax that would burden the general public. He also said that he learnt of it only through media reports.

He made such remarks in the backdrop of a move to increase taxes effective from May 2.

Besides, the government announced that it would do away with certain tax exemptions granted on education, health and telecommunication sectors.

The Joint Opposition decried that the proposed tax hikes would heap burdens on people by way of price increases of essential items and services patronised by ordinary people. (Kelum Bandara)

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  Comments - 7

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  • S.P.RAMKUMAR Thursday, 21 April 2016 01:45 PM

    Financial matter should be taken under consultation with parliament.

    Sharon Wednesday, 20 April 2016 09:07 AM

    He will redefine "firm". :)

    Katie Wednesday, 20 April 2016 09:10 AM

    wonder where the JO was during the previous regime when taxes were imposed on the public and public funds were spent haphazardly? Probably they would have been in a deep slumber during that period after hypnotism.

    Rubert Wednesday, 20 April 2016 04:06 PM

    The JO was in the government then. What lacked that day was an opposition.

    Ruwan Wednesday, 20 April 2016 04:11 PM

    Firm = stick in the mud.

    DR Wednesday, 20 April 2016 06:08 PM

    If you're interested here is the equation:Mattala, Suriyawewa, Airlanka, Mihin, Hambamtota,There are loads for us to pay these bills.And the Horizontal flower pots at. High command's residence. Etc etc.

    Piyal Wednesday, 20 April 2016 06:25 PM

    All these would have been avoided if Ranil (and MY3) listened to public views on the suitability of the nominee for the post of Finance Minister. new mechanism spelt out by the President proves my point. Piyal


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