Budget a sugar coated concoction: UNP

  • 9 Dec 2005 01:07:25 GMT

    WOW!The People of SL can now dream of saying`They lived happily ever after.`

    Let`s wait and see.Too early to tell.They are still suggestions,let`s see how they are implemented.

    God Bless Mahinda!

  • 9 Dec 2005 01:42:22 GMT

    Well,Let`s give the man a chance,shall we?

  • 9 Dec 2005 02:12:24 GMT

    Mahinda mame oya haree narakai... JHU thatta mallilata oya mokavath deela nehene...Oyata berida ata-pirikara valata 10% tax concession ekak denna?

    In addition, it is worth while removing the tax for white cloths also. Now when the war starts we are going to need them in huge quantities to put `sudu-kodi`

  • 9 Dec 2005 03:05:13 GMT

    Is Thissa Aththanayake supposed to say anything contrary to what he said? Should we expect anything different to this from them?

    BTW, I wonder what has happened to that world renowned economist Bandula Gunawardane. His silence is very suspicious. Is him to cross the floor OR have has his directions lost in the current laedership struggle.

    -Muchalinda

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  • 9 Dec 2005 03:05:17 GMT

    I think SL ppl need a class in economics. they dont understand the concept of inflation and dont bother to find out `WHERE` the money to do all this comes from. as long as MR says it will happen they are happy. In the meantime SL economy will grow from bad to worse. Somalia here we come.

  • 9 Dec 2005 03:06:38 GMT

    AzmannGEE

    I agree with what you have to say. It seems to be the sri lankan way. everyone will open theie mouths and wait till something happens and wont do anything about it.

  • 9 Dec 2005 03:06:58 GMT

    AzmannGEE

    I agree with what you have to say. It seems to be the sri lankan way. everyone will open their mouths and wait till something happens and wont do anything about it.

  • 9 Dec 2005 03:15:15 GMT

    So much of praise for Open Economy policy and UNP/PA when some body talk about the SL economy during last 25 years.

    So the results were USD1=Rs.7.50 (in 1977)gone up to Rs.102/-

    Lending rates were between 20%-28% during 1981 - 2001

    Poverty has been increased in several folds.

    Number of recipients of Janasaviya/Samurdhi too got increased.

    Printing of money and local borrowings were on increasing trend time to time and TB rates were around 17% up to 2001.

    Some of the budget proposals will lead to high inflation if agriculture & other benefited sectors fail to deliver expected results.

  • 9 Dec 2005 03:48:57 GMT

    Muchalinda,

    Perhaps you did not read this:

    QTE

    Former Deputy Finance Minister Bandula Gunawardane said the Government would resort to printing money as usual to cover the Budget deficit, and therefore, inflation and interest rates would go through the roof next year.

    The former Minister said people would need Rs 2,000 next year to buy commodities bought at Rs 1,000 this year. `A 2000-rupee note will be issued by the Government as a result for the first time,` he said.

    He warned that the bank interest rate would rise up to 24%, and also the exchange rate of LKR to US$ to Rs 108, aggravating the present economic problems.

    UNQTE

    It is too early to comment but he may not be that far.

    Thanks

  • 9 Dec 2005 03:58:57 GMT

    Christy:

    Thanks for pointing that out. I did miss that `bit`. I should not have jumped this far.

    -Muchalinda

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