People suffer due to economic debacle caused by former government – President
“The members of the former government are now walking on the roads by telling fairy tales. But the people are suffering due to the economic debacle caused by them”, President Maithripala Sirisena said.
The President was speaking at the inauguration ceremony of the Sri Lanka Economic Forum, held today (Aug. 02) at the Cinnamon Grand Hotel in Colombo.
The President pointed out that Sri Lanka is now suffering from a loan burden of Rs. 9000 millions. “Politicians, government officers and all people in the country should act understanding the economic debacle caused by the former government”, he said.
He pointed out that the contribution of the small and medium industries to the economy of the country is currently between 8% and 10%. “If we can increase it to 20% the national economy can be further strengthen”, the President said.
“Though there is a loan burden, the government will not cut the subsidies for the people. There must be a definite increase in the production to find money for subsidies”, he said.
The President pointed out the importance of maintaining better state financial management as well as financial discipline in a way which will not be a burden for the public. He further said that the public and private sectors should commence a new journey in collaboration with each other, in this regard.
The President said that we cannot be happy with the contribution made by the small and medium industrial sector to the economy of the country and there is a question of whether we are truly reaping the benefits of the ocean around Sri Lanka and other rich resources.
During this conference, attention had been drawn regarding taking steps without limiting to words by going beyond the issues with the aim of achieving the dream of becoming one of the best countries in the Asian region utilizing our own resources.
This economic summit organized by the Ceylon Chamber of Commerce for the 17th consecutive year under the theme of “Focus, Act, Deliver” will be held today (August 2) and tomorrow (August 3).
Finance Minister Ravi Karunanayake , Central Bank Governor , Dr. Indrajit Coomaraswamy, Mr. Samantha Ranatunga , Chairperson of the Ceylon Chamber of Commerce and foreign and local business community were among the participants at this event.
(President’s Media)
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After almost 2 years in power, still pulling other’s mistakes.
I wonder why people elected this government? They elected this “Yaha Pala” to put the things right, if previous management was not right.
But unfortunately they are still showing fingers, and nothing has been done.
So are we going to listen to this same tune till further 3 more years to come?
I think government is FAILED.
They should realize it and STEP DOWN.
Let’s have a management team to put the things in proper way. NOT POLITICIANS.
Excellent word from Prz MY3.
Unfortunately they are not practised.
Appointing 100 politicians to Ministerial positions is bribery. Will be good to see performance reports of the Ministers published on the Government website with an invitation to comments by the public. One Minister hung himself from a ceiling fan attempting suicide. How has the Government handled this disgusting incident?
Public Servants bribed all the time. Some top professionals are demanding sell able car permits every 5 years. This means they can earn more money selling car permits than what they earn. Performance of Public Servants should also be published on the web.
Why do Public Servants need cars? Why can’t Ministry Secretaries catch a Tuk Tuk to attend meetings?
Agree with you brother Niyama-Sinhalaya. Yahapalanaya trend is the same though the song is different. MR tried to dwel on winning the terror war against LTTE. It worked for some time and paved the way to his defeat. Now Yahapalanaya government is continuing with Mahinda bashing for how long? With 9 individuals rejected by the masses (now inside the YP) and with a Jumbo cabinet YP boat is stagnated.
Keep criticizing until your term is over. You were part of that goverment aren’t you. I know you are struggling and your senile prime minister always running to other countries like a head less chicken.
The only people who can save this corrupted country are the people who being working abroad in various industries, This does not mean the stupid Sri Lankan graduates who come abroad and do all kind of menial jobs like cleaning toilets and sweeping roads.
Ranjith, It seems you have some very bad history with the Sri Lankan Grduates!!!. Every time you post a comment you never fail to mention stupid Sri Lankan Graduates. Seems to me like sour grapes. Come on Ranjith, get over it and get some counseling or get your self a degree of of some sort. This hatred will eat you up.
The proliferation of Universities has lead to an oversupply of graduates which has lead to lower value of teaching and diminished value of the graduates.
Poor manpower planning; our country of 20m population does not require 10,000 graduates every year. What we need is vocational education to skill youngsters in trades such as electricians, plumbers, masons, carpenters, secretaries and graphic artists and health care workers, hospitality industry workers etc.
Unfortunately, a degree in Sri Lanka commands social status. Tradespeople and support people are not well recognised, socially.
As we move into the next phase of development under Prime Minister RW’s vision, the earning capacity of Tradespeople and Support People will increase and along with that, their social status will increase too.
Hope the planners gear up for this need and embark on appropriate conversions of existing institutions.
Mr Fernando. Let me tell you the difference between a Sri Lankan University and a University in UK.
When I took my boys to a UK university the former students came to the car help with them with luggage, took them to their digs explained how the system work etc.
If it was in Sri Lanka these memorize the book and pass the exam brain less buggers will pull them from the car in front of me and give them a heavy beating called it is a rag.
That shows the ignorance of Sri Lankan university bastards. Only thing they are good at is to get beaten by the police and waste other peoples time by having demonstration bloc kin the roads.
Mr Fernando for your information I got a degree from a leading UK uni. Not a Micky mouse degree from a shit Sri Lanken uni.
Mr Ghourgama s you are 100% right. We need skilled workers. Sri Lankan parents push there children to achieve these worthless degrees and end up in foreign countries as cleaners, taxi drivers, Where in the world you see so many tuition masters . offering tuition . That’s only thing these graduates can do if in Sri Lanka. So the cycle goes on teacher, student– teacher students.
We have clever mechanics, and technicians . Good example is the Wesak day. See how these people use electricity and wright clever programs to light up the”Thoran” or what ever. While our stupid graduates warming up chairs sitting in a office and day dreaming.
Tata. Honda , man who build Taj mahal , Liver brothers , Maliban, Roll Royce, Ford (one of the leading car manufactures) Wright brothers to name a few who even never had a primary education.
But there is a clever man who went to school. His name is Ian Stain. You know what the teacher said to his parents. “this boy is retarded and take him out of school”.
You only learn by doing things and not by memorizing old books.