State Minister Shehan Semasinghe has justified Sri Lanka’s economic crisis at a time that the world is facing the deadly coronavirus pandemic.
The State Minister said all countries that handle import markets have faced drawbacks such as economic hardships and rising commodity prices.
Semasinghe speaking to media after an event yesterday said if a country has a strong economy, facing the pandemic would be an easy task adding that the government believes a locally beneficial economy must be established.
He noted world powerhouses have had to face much graver issues.
While claiming he is not justifying the increase in prices of essential commodities, State Minister Semasinghe said local production must be boosted in order to support the economy claiming that the 2022 Budget that will help promote rural economies will help settle the prevalent situation.