2023 budget compiled within IMF economic framework: President

10 November 2022 01:22 pm - 11 - {{hitsCtrl.values.hits}}

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Budget proposals for 2023 has been compiled within the framework of economic program recommended by the International Monetary Fund (IMF), President Ranil Wickremesighe informed Parliament today.

The President came out with this information in response to questions raised by the opposition MPs on the budget in the House.

“What we will focus on the budget whether to increase direct taxes or indirect taxes, and on controlling state expenditure. This will be the framework on the budget and it will also reflect the economic targets set by the IMF,” he said.

Responding to a question raised by the chief Opposition Whip Lakshman Kiriella whether the program for which the government had agreed with the IMF would be presented to the House before the budget, the President said it will be presented after the next round of discussions are completed. “It won’t be too long as we have to get into tri-party agreements with debtors,” he said.

“The basis of the discussions with the debtors is to whether the debt would be written off or whether Sri Lanka would be given more time to settle them,” he added.

The President requested the Speaker, Prime Minister and the Leader of Opposition to expedite the appointment of a constitutional council. “The Prime Minister, Speaker and the Leader of Opposition will have to agree on the names of three civil members who will represent the constitutional council. This is just a matter of three names and will not be time consuming. It will be possible to appoint independent commissions after the constitutional council is finalized and formed,” he said.

Also he said he would meet the MPs representing North and the East soon to discuss the issues pertaining to them. He assured that the legislations pertaining to Truth and Reconciliation Commission, the Counter Terrorism Bill and the Anti-Corruption Bill will be presented to the House in February next year. (Yohan Perera and Ajith Siriwardana)

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Comments - 11

Lion Thursday, 10 November 2022 03:28 PM

Cruising the world hand shaking with leaders who knows very well with what sort of a person they are shaking hand . Wasting couple of millions of this poor nation and retuning home with empty hand.

Mizaru Thursday, 10 November 2022 03:29 PM

Yes, we know that the present government does not have a finance minister with an economic background and thus the IMF framework. In fact it may be an IMF prepared budget. The two state ministers are clowns.

wild fox Thursday, 10 November 2022 03:52 PM

WE AS PEOPLE OF THIS SRI LANKA NOT GIVEN ANY POWER TO SIT YOU IN CHAIR AS PRESIDENT. BECAUSE WHOLE WORLD KNOW YOU ARE CUNNING FOX AND YOUR WIFE ALSO KNOWS WELL SHE CAN NOT CONTROL YOU. YOU HUNGRY FOR POWER TO STEAL PEOPLS MONEY LIKE YOU DID CENTRAL BAND BOND SCAM WITH RAJAPKSA FAMILY. YOU HAVE NOT DONE ANYTHING TO THE PEOPLE OF THIS COUNTRY THAN STEALING AND YOUR FORGIN TRIPS WITH THEIVES OF DELEGATION FROM SRI LANKA. GET LOST MAN. STILL IF YOU DO NOT HAVE SHY BETTER YOU REMOVE YOUR TROUSER AND BE WITH UR NECK TIE AND COAT, THEN TALK TO THE WORLD WITH UR ENGLISH.BUT THIS WILL NOT WORK WITH SRI LANKAN PEOPLE

Action for freedom Thursday, 10 November 2022 04:39 PM

Even the recently passed VAT Bill was found to be against Constituent by the Supreme Court. Ranil just reads his speeches parrot like too. There is nothing capable with Ranil or the government worker to ensure any of Ranil's claims about meeting IMF framework. Sri Lankan government practices are thoroughly untrustworthy, due to failed culture, which beats down against healthy democracy.

Gunapala Kankanamage Thursday, 10 November 2022 04:40 PM

Bamnbuwa! Add the stolen money from the central bank with your group during YAha Pala Naya. Then the economic problem is solved! People have no time to think of the climate other than you and Gon Ruwan for Pin Padi!!

sam Thursday, 10 November 2022 05:10 PM

Have they not asked to reduce govt expenditure? especially those of politicians

Punchi Thursday, 10 November 2022 09:43 PM

Newsfirst.lk is reporting UK MPs want conditions on aid to Our paradise and cuts to our USD 1.86 billion military budget. We are not going to cut this expenditure and IMF money won’t come

GHT Thursday, 10 November 2022 11:07 PM

There should not be particular meeting with North and East MPs, the president must gather every member from nine (09) provinces to enact any law acceptable to ALL. People are aware from the beginning of ARAGALAYA that the US's PUPPET IMF has been ruling Sri Lanka toward all time MESS.

sam Friday, 11 November 2022 08:49 AM

IMF is for the future, not until the clowns go.

sam Friday, 11 November 2022 11:28 AM

Bail out is for the future and not for present

Sambo Saturday, 12 November 2022 10:01 AM

When we eat our plate of rice also we see the IMF, when we go to sleep also we dream of the IMF. What's wrong with our politicians. Our president has got an IMF phobia.

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2023 budget compiled within IMF economic framework: President

Comments - 11

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