Budget a “sugar coated pill” for the IMF – Tissa

Budget a “sugar coated pill” for the IMF – Tissa

November 22, 2011   01:24 pm

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UNP General Secretary, Tissa Attanayake today compared the proposed budget 2012 to a concoction similar to a “short story” and stated that it would win prizes and accolades if it was applied for a competition.

Or else it is a “sugar coated pill” prepared for the sole purpose of pleasing the International Monitory Fund (IMF), he told a press briefing in Colombo.

He stated that the devaluation of the exchange rate was a “very foolish” move proposed by the budget and that it is unavoidable that Sri Lanka, which is depends on an import export economy, would face a regrettable fate economic wise.  

Attanayake went on to say that the government does not comprehend that, through depreciating the exchange rate by 3 percent, it would have to pay a large sum of money in addition to interest when repaying debts from foreign nations.

The General Secretary further stated that the government which “deceived army personnel” in last year’s budget, has also deceived the police through this budget.

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