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Country cannot be developed by selling state property or obtaining loans any more: AKD

26 March 2023 09:58 pm - 19     - {{hitsCtrl.values.hits}}

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Sri Lanka could not be developed by selling state property or obtaining loans anymore as the country had practiced the same strategy for the last three to four decades without any success, NPP leader Anura Kumara Dissanayake said today.

Speaking at a rally in Panadura, Mr. Dissanayake said if President Ranil Wickremesinghe was to develop the country by obtaining loans, he could have done that during 2015 and 2019 when he obtained US$12.5 billion as loans.

“He is getting only US$2.9 billion from the IMF for four years this time. He obtained US$12.5 billion within four- and-a-half years during 2015 and 2019. He also obtained US$1 billion by selling the Hambantota Port. But, he was not able to develop the country. How can he recover the country from economic crisis by obtaining only US$ 2.9 billion for four years,” he said.

He said Sri Lanka has sold off 88 government ventures during the past and added that selling state property would no longer be a solution to the economic crisis either.

He said fraud, corruption and misuse were rampant behind selling of state resources and pointed out that such practices should be stopped to develop the country.

MP Dissanayake said a government free of fraud and corruption, efficient state service, law and order, new constitution and state resources should be fully utilized to develop the country and added that future NPP government would ensure such a government in the future.(Ajith Siriwardana)


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  Comments - 19

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  • Cloy Sunday, 26 March 2023 10:12 PM

    Yes. Only trade union actions could develop the country.

    Kumar Sunday, 26 March 2023 10:45 PM

    The government does not need to be in the business of running businesses. Politicians like businesses as they could be stacked with their lackeys and and there are many kick back arrangements possible through the various contracts and deals. If we are serious about eliminating corruption get rid of state owned business enterprises. Efficiency would increase by leaps and bounds as dead wood will be shed.

    Praboda Sunday, 26 March 2023 10:49 PM

    If we are not going to get an infusion of foreign exchange via some sort if external infusion (loans are the main option as grants are scarce), AKD need to clearly articulate the alternate option that he sees. If he cannot do so then he keep quiet and not criticize and object.

    Gamini Sunday, 26 March 2023 10:53 PM

    The IMF agreement has very broad and far reaching requirements to tackle corruption. What the various governments have not been able to do all these years, ( including those that included these red brothers), with regards to addressing corruption , the IMF agreement is seeking to achieve . The IMF agreement will be the best bet to address institutionalized corruption.

    Tissa Fernando Sunday, 26 March 2023 11:17 PM

    OK , I agree with you about loans, Yes , Ranil and Sirisena obtained USD 12.5 billion loans to import luxury items for their clan. Rajapakshas may have robbed the country but they showed a lot of development in the country. Yahapalana just ate it. But I am now n disappointed that you still believe that state enterprise will work and corrupt ton free. That is the most unrealistic view . These are failing even in developed countries. So let these be in private sector under good governance from the government. By the way, I remember that you blamed Gota for not going to IMF at an earlier stage. Real hypocrat right ?

    johan Monday, 27 March 2023 12:49 AM

    We have old bullocks mentally retarded without making any national policies to implement for the betterment of the country.Their family/individual policies implemented for their personal gain.And made the country bankrupt These people must under go some tuition classes from Singapore Govt.

    Ranil failed as yahapalayana PM Monday, 27 March 2023 02:32 AM

    Ranil was utter failure as Yahapalayana PM. His party was routed, with only one national seat. Only the most deluded could believe he has any real experience to get country ahead after the worsening our plight from 2015-2019. All the loans he obtained achieved nothing, but more interest payments. UNP/Ranil like the proverbial leopard does not change its spots and will be failure with the same faces again.

    Jude Monday, 27 March 2023 03:54 AM

    NPP forming the next government inevitable!! SL could be developed only through Agriculture and agribased industries!! Moreover, must develop fisheries, poultry and livestock industry!!

    Steph Monday, 27 March 2023 06:32 AM

    Most developed countries have adopted selling state assets decades ago. Governments should not get involved in business. Specially in countries like ours where there is corruption. Probation is the answer. Then we don't have to pay taxes to loss making public enterprises. Also when they are privatize they become profitable and pay tax on their profit to government. NPP is still in mindset of Cuba North Korea and former Soviet union.

    Tom Monday, 27 March 2023 06:49 AM

    Trying to hoodwink the masses again by giving them only one side of the story Mr. AKD? You can fool them. But you cannot fool all of them all the time.

    S.Sivs Monday, 27 March 2023 08:17 AM

    State owned businesses are run normally by party men who are rewarded for party work they produce income and the country never benefits. If they are in the hands of individual ownership they turn profitable

    SM Monday, 27 March 2023 08:38 AM

    How are you going to stop corruption when the SL people vote in corrupt politicians who will keep them in their wasteful corrupt 2 million govt jobs that is a bigger corruption and waste then the politicians themselves? Everybody knows corruption has to be stamped out, but come out with a plan man And how are you going to keep the people fed until you stamp out this corruption? What about the other problems keeping the country in poverty like peoples lack os skills, productivity, efficiency, capital, etc, etc…. Don’t be green like a fresh university graduate. Come out with a holistic, workable plan man! All you mouth off is fantasy nonsense like a child

    Cutie Monday, 27 March 2023 08:43 AM

    AKD wants to take the country back to stone age.

    Sandy Monday, 27 March 2023 08:56 AM

    Reduce the money spent on war from total loans then loan amount is not that much.

    D Perera Monday, 27 March 2023 09:55 AM

    All the major parties come to power to robbed the country. No politician wants to develop the country other than develop them selves. This need to be stop. Give the JVP a chance. What we have to loose..We already lost after independence giving our public funds to the politicians ...that's call Bribe and Corruption!!!

    Using IMF loan to pay Indian loan is terrible Monday, 27 March 2023 11:22 AM

    Taking the Indian credit loan without making public the conditions was awful. It is probably a high interest loan with short term period. Now we are suffering with having a lot of the IMF loan going to pay off that loan. Government should not have taken out either of the two loans.

    Afraz Hakeem Monday, 27 March 2023 11:25 AM

    Mr All talk is here, it is the hard earned money of private sector employees that is keeping the country float, the public sector needs to be privatized, every needs to work hard and not sit and align with political parties to meet their agendas. Useless JVP, you'll are one of he reasons for the country being in this level.

    Dee Monday, 27 March 2023 01:25 PM

    Trade union action in all sectors is the way forward. It is instigated by subversives and can only be controlled by subversives! God save Sri Lanka and it's foolish people! Every elections they get mislead by some fairy tale!

    Lal Silva Monday, 27 March 2023 08:37 PM

    Whatever you do had a cost! The IMF path has the cost of middle class working population reducing their spending qualities! IMF propose a buffer for the poor! If we go in any other path, like overhauling the whole government system, by some type of revolution, it will also have a cost! Most probably the rupee will cease to exist as a currency! Then all 600,000 pensioners will be left high and dry! Most old people will die!


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