SL is going through an ’’interval in hell’’ now: Tilvin

6 April 2023 12:03 pm - 6 - {{hitsCtrl.values.hits}}

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JVP General Secretary Tilvin Silva said yesterday that Sri Lanka was only enjoying an interval in the crisis which he termed an "interval in hell" at the moment.

Speaking at the 'Il Maha Viru Samaruma' held in Kalutara to commemorate their fallen members, he said people should not believe that Sri Lanka was heading towards an economic revival by looking at the present situation and said the country would have to face an even more serious economic downturn shortly.

"We are passing through an interval within the crisis right now. This is actually 'an interval in hell'. If one thinks that the country is going to come out of the crisis, it is not so. This is only an interval. Everyone will have to revert to an even more serious situation than we experienced as the country was not taken in the right direction," he said.

He said Sri Lanka had to face this crisis situation as Sri Lanka's expenses increased remarkably after 1971 without acquiring economic assets and developing a production economy.

"Instead of acquiring economic assets and developing a production economy, we obtained loans and sold off our assets. We have become a debt-ridden country now. Each person owes Rs.1.4 million now. Ranil Wickremesinghe and Mahinda Rajapaksa government have chosen the same old path to come out of the crisis by obtaining the IMF loan. The country is in crisis due to unbearable loans and the government is obtaining more loans as a solution," he said.

Silva said no one would be able to take Sri Lanka out of this crisis without following the correct path of developing a production economy and acquiring economic assets instead of obtaining more loans.(Ajith Siriwardana)

Comments - 6

Lam Thursday, 06 April 2023 12:20 PM

There is some truth in what he says but now we should diversify our income generation and this includes service sector as well ..yes we need to generate income from our production and agriculture and yet today's world economy is not merely on this sector alone ..Now many world economies need some high quality human resources..a doctor in any western countries can earn more than our 10 big famers earn...now our dispora community has got enough money even to buy Sri Lanka with their money but we don't know how to make them invest and we have some outdated systems in the country..we have more than one million Sri Lanka in all Western countries make them invest in the country..Now an Imani business man has been attacked...how can we will the faith and confidence of people if we do this

I Love Sri Lanka Thursday, 06 April 2023 12:30 PM

Silva should provide specific and feasible alternative solutions. IMF loan is too small to be considered as a burden. To be able to borrow at this moment is actually good. The priority should be cutting down the cost of governance and ensuring corruption is minimised while fast tracking investments in a transparent system. Sri Lanka can easily come out of the rut with a committed leader at the helm.

Dee Thursday, 06 April 2023 03:39 PM

These guys sure knows how to create hell! We went through hell on earth from 1987-1990 . And looks like our majority buffalo voters will be paving for for another hell soon!

Bernard Jayatilake Thursday, 06 April 2023 03:48 PM

To overcome this persisting crisis, government recurrent expenditure has to be pruned drastically by retrenching employees in the public service across the board to reduce the present percentage of 90 paid as salaries of government servants (including pensions) from the annual income as the former ruler balooned the size of the public service from 750,000 to 1.5 million to fulfill his election pledge and this is key to balance the annual budget.

Mohan Thursday, 06 April 2023 09:28 PM

With a lot people moving abroad, the per head debt could become 2 million soon.

Demuni de Silva Friday, 07 April 2023 04:50 PM

Accumulated foreign loans become the country being colonized before long !

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SL is going through an ’’interval in hell’’ now: Tilvin

Comments - 6

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