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Will get the cost of living reduced: President

1 September 2020 09:31 am - 8     - {{hitsCtrl.values.hits}}


President Gotabaya Rajapaksa yesterday said steps will be taken to reduce the cost of living by implementing the decisions which were taken based on stable policies.

He said he would not take any step back from the decisions taken to improve the life of farmers in order to strengthen the rural economy.

President Rajapaksa expressed these views at the maiden meeting of the Cabinet Sub-Committee on the Cost of Living which was held at the Presidential Secretariat yesterday.

He said the prices of several consumer goods including turmeric have gone up due to the decisions taken to uplift the local agriculture.

“If turmeric and other goods were imported to reduce the prices in the local market, the desired outcomes will never be achieved," he said.

President Rajapaksa said imports should be limited to control the foreign revenue exchange and to avoid high debt. “Countries like the US and India have also imposed restrictions on imports due to COVID-19 pandemic,” he said.

He instructed the officials to inform him on the market conditions once a week.

The sub-committee had also discussed to streamline the dedicated economic centres and to purchase the harvest directly from farmers.

The President's Media Division said the impact of increased prices on the economy of the middle class was also discussed in length.

The attention has also been drawn to distribute harvest of the farmers directly to the consumers through Sathosa, Cooperative Stalls, Agrarian Services Centres with the assistance of the security forces.

Prime Minister Mahinda Rajapaksa, Ministers Bandula Gunawardana, Dr. Ramesh Pathirana, Mahindanada Aluthgamage and State Ministers Arundika Fernando, Shasheendra Rajapaksa, Lasantha Alagiyawanna and President's Secretary Dr. P.B. Jayasundera were present. (Lahiru Pothmulla)


  Comments - 8

  • Chux Tuesday, 01 September 2020 09:50 AM

    Pls understand whatever you have promised nothing has happened up to now ??? So very soon you will become a very good joker

    Jagath Amunugama Tuesday, 01 September 2020 01:12 PM

    Surely he will not become a joker like you.

    Jude Tuesday, 01 September 2020 10:20 AM

    STOP importing everything!! Year even SALT you gus are importing !! Find ways to increase GDP !! Otherwise reducing cost of living a Pipedream !! Yeah !!

    A citizen of Mihinlanthaya Tuesday, 01 September 2020 10:27 AM

    Presidential Economics....

    Antony Jude Tuesday, 01 September 2020 02:22 PM

    Mr.President, do you know that the cost of living in Srilanka has gone up by 25% after Covid-19 pandemic? It seems you don't have any recovery plan to bring the cost of living down. Your concentration is only on the 20A constitution change.

    Mahesh Tuesday, 01 September 2020 02:35 PM

    Sell rice, local potetoes and fish bought directly from producers using coop and sathosa outlets. For example the price of skipjack and bluefin tuna sold by retailers are almost double the price of fish sold by fishing boats or wholesellers.

    alex Tuesday, 01 September 2020 02:57 PM

    President will click the reduce button tomorrow, and all prices will fall immediately. Tada Tada

    Ram Tuesday, 01 September 2020 03:10 PM

    from when is the reduction and for how long will it last?

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