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UNP likens Budget to ghost without body
Monday, 12 November 2007 - 11:23 AM SL Time
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Opening the budget debate in Parliament on Friday UNP Kegalle District member Kabir Hashim said the budget was like a ghost. It had brought no relief to the people. The government had been juggling with figures without addressing the real problems of the people, he said.
He said the government had disappointed the people as it was going to expend 572 billion rupees as debt repayment out of a revenue of 750 billion, the remaining Rs 168 billion wouldn`t be sufficient to pay the salaries of the public servants.
Sri Lanka had the highest interest rates in South Asia. Although the government promised to help small and medium scale industries, the SME bank had been replaced with Lankaputra.
Lankaputra had given loans to 87 enterprises including the Mihin Lanka Airline. One company had been given a loan of 50 million rupees at 7 percent interest. With those funds, that company had given loans for the purchase of three wheelers at an interest of 24 per cent, he said.
The relief as regards kerosene oil to the poor was meaningless. About 30 per cent of the country`s total number of households did not have electricity and the monthly allowance of Rs. 100/- would not be sufficient even for three days for a household that used half a bottle of kerosene a day.
`The President says he grew up on rice, kurakkan and milk but a litre of milk is 30 rupees, a kilo of rice 90 rupees and 35 percent poor people cannot afford to buy milk powder due to high prices. It will not be possible for the poor people to grow up on rice, kurakkan or milk. Prices of all essential food items have gone up sharply but the budget did not contain any proposals to give relief to the low income groups, Hashim said.
JVP Parliamentary Group Leader Wimal Weerawansa said the budget had failed to address the deepening socioeconomic crisis facing the country and except for a few proposals like the strategies proposed to increase the national production of milk, sugar or textile, the government had failed to come out with a strategy to develop the economy.
Weerawansa said what the people needed was a radical change in economic strategies to increase national productivity and not a continuation of the wrong and harmful economic policies that had been introduced in 1977. The poor were getting poorer as a result, he said.
Recently an American, John Perkins, who was known as an Economic Hit Man, had published a book on how the Western Countries employed methods to enslave Latin American and African countries rich in natural economic resources. One of the methods employed was to encourage mega infrastructure schemes obtaining massive foreign loans from the World Bank under the illusion that they would help develop those nations, but the opposite had taken place and the countries had become poorer and more indebted to lending agencies and developed nations. Under the huge loans given for mega projects it was the rich American companies like General Motors that earned huge profits.
The cost of living was rising very fast and even the tax concessions given on essential consumer goods were not passed on to the people. The government trade policy had failed miserably, he said.
He said the few proposals that would help national enterprises were only the window dressing and the whole budget had failed to free the economy from the dependence of foreign capital.
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Ramz
Joined: Jul 2007
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12 Nov 2007 06:31:51 GMT Report for Abuse
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This budget was basically a final project for A/L commerce student....Motta Rala, Kabarala and TB liked it v.much...felt that they never can do such a work...so, they did enough homework on that assignment....then read in the parliament ....Motta Rala was not even able to grasp and understand most of it...
Weeramonkey and his junta are the real traitors......they are against the budget, but don't vote against the budget....WTF it means?????!!
Weeramonkey knows that if his junta voted against the budget Mr. 10% and Motta Rala will disclose all their secret deals they made while they supported the government....then they can't get those 'bones' remaining after MR's meal on national income
when our political culture will change....to better!!! OOh , God ....help us |
kiwikanga
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12 Nov 2007 06:53:33 GMT Report for Abuse
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UNP likens Budget to ghost without body
The UNP headed by Ranil looks like an adult body with a nursery brain!
Edited By - kiwikanga - 12 Nov 2007 06:54:36 GMT |
LossDial1
Joined: Jul 2007
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13 Nov 2007 01:46:26 GMT Report for Abuse
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Ramz
This budget was basically a final project for A/L commerce student....
Don't insult A/L Commerce students.
This is a project done by O/L students. And you know what happened to those students??
They failed the final assessment.
:( :(
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Mucha-linda
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13 Nov 2007 01:56:10 GMT Report for Abuse
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Hmmm...I thought Islamic thinking does not allow any ghosts to exist. It seems that Kabir Hashim has got naturalized to a some extent by living among other cultures who do believe in ghosts. A positive development, in deed.
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imtiaz2005
Joined: Nov 2007
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13 Nov 2007 06:33:26 GMT Report for Abuse
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| Presdient just lier to nation showing their doing better for the people of srilanka. He spent for his own more than other presidents are spent public money. When her travel overseas he take more than 80 people around him. He is the worst and uneducated president in srilanka history I believe. If he educated person why should he keep more than 30 advisors around him payin public money.Also family members everywhere appointed. Sinhalease never think about him and they think he is the best man to rule the country and fight against terrorism in the country. No one can completely distroy terrorism in this earth until they hide something to nation. Americans are the main supplier of the arm to group who are fighting all over the world but they talk about terrorsim. Why dont people think why these people are fighting agaisnt the governments? without reason no one fight. Our nation will go to hell soon because of stupid politician. |
gchula99
Joined: Oct 2006
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13 Nov 2007 10:18:30 GMT Report for Abuse
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Mm mm!
Let me ask you that either Buddhism or Christianity allow us to believe the existence of ghosts?
Criticisms are beautiful when it is impartial.Mahinda is enjoying some facilities given legally to his ministry.UNP'S attempt to overthrow the government is just to replace Mahinda.
There is something critically wrong with this system.
People take side with the ultimate intention of favoritism.
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imtiaz2005
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13 Nov 2007 12:21:32 GMT Report for Abuse
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| Mucha-Linda , I dont know in what kind thinking you had,muslims know better living then your had in your stupid mind. Wihtout muslim even americans cannot survive in this earth. World 80% oil wealth belonging to us not americans or srilankans. Muslims are supporting other not like you and others always blaming us. Talk about the fact not lies. |
Gamma
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14 Nov 2007 01:54:11 GMT Report for Abuse
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According to the former president Ranasingha Premadasa, even a taxi driver can prepare the budget of Sri Lanaka. So nothing to be panic.
Edited By - Gamma - 14 Nov 2007 01:54:47 GMT |
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