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Only a single day’s debate on domestic debt restructuring: Sagala

29 June 2023 10:32 pm - 10     - {{hitsCtrl.values.hits}}

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The debate on the proposed domestic debt restructuring programme is to be confined to a single day, as most of the issues pertaining to it have been resolved, Senior Presidential advisor Sagala Ratnayake said.

Speaking during the UNP Bala Mandala meeting in Ratmalana, Ratnayake said the President had met MPs and others and had explained what the government intends to do with regard to the domestic debt restructuring. 

“There is no need for a long debate on the domestic debt restructuring programme as many issues have been resolved. Therefore, the debate would be confined to a single day,” he said indicating that Parliament would not meet on Sunday.

He also assured that no harm would befall the EPF, ETF or on the banks.

“Domestic debt restructuring is important as the Paris Club and others want Sri Lanka to do it,” he added.

UNP General Secretary Palitha Range Bandara said many in the Opposition, including Public Finance Committee Chairman Harsha de Silva had fully understood the domestic debt restructuring process programme. 

“Only the JVP and a few SJB MPs like S.M. Marikar are threatening to bring people on to the streets against the domestic debt restructuring programme,” he said. (Yohan Perera)


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  Comments - 10

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  • ravin Thursday, 29 June 2023 11:03 PM

    SURELY, grade eight standard automatically passed dose not understand what is domestic debt restructuring. All what they need is subsidised meal like there voters.

    Quo vadis Thursday, 29 June 2023 11:37 PM

    Rich are getting richer, poor getting poorer.

    Zaza Friday, 30 June 2023 12:16 AM

    Domestic Debt Restructuring - a Comedy of Errors. 10 trillion rupees to bluff away you need only 3 to 5 hours.

    Sam Silva Friday, 30 June 2023 01:14 AM

    Why bother to have a debate at all because we know it's inevitable.

    Ram Friday, 30 June 2023 03:08 AM

    How can a Presidential advisor dictate to Parliament? Is he above the Parliament? This man must be brought before Parliament and dealt with for making statements about how Parliament must debate Bills.

    Deva Friday, 30 June 2023 12:09 PM

    Well said.

    Demuni Uduwara Friday, 30 June 2023 04:53 AM

    Where is Mahinda Yapa Abeywardana ? Is DDR debate days are restricted or controlled by Sagala ? We vehemently request the Speaker to maintain the nobility of the Legislature.

    UNP says Harsha de Silva full agree with it Friday, 30 June 2023 06:15 AM

    Harsha agrees with everything the Central Bank governor said before so he is untrustworthy to look after long interest of the country.

    Terrence K Friday, 30 June 2023 08:30 AM

    Whilst the ruling party politicians say that Harsha has fully understood the Domestic Debt Restructuring Process Programme which does not imply that he has agreed to the process. What Marikkar says is that there are very high rates of interest offered to a selected few highlighted through the Media under the Treasury Bills/Govt. bonds on long term whereas the EPF/ETF members having substantial funds are offered stepmotherly treatment with a guaranteed percentage of only 9 per cent on their funds which will have an impact on their terminal benefits at retirement. Furthermore the EPF/ETF funds(subtantial) have been earned by the private sector over a long period of time and these are the only monies available for them for their livelihoods. at retirement. !!!!!!!!!!!!!!!!!!!!!!!!!

    Buddhist Saturday, 01 July 2023 02:05 AM

    Who is this joker to tell that there will be only one day's debate on DDR, has he forgotten he was kicked out of the Parliament by voters as they did not want to hear from him?


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