Leader of the Opposition Sajith Premadasa predicts that the Budget will turn Sri Lanka into Somalia.
Speaking to media at the Office of the Opposition Leader yesterday, he pointed out that the public expected a people friendly programme, adding however they received a blank document.
The Opposition Leader said the 2022 Budget lacks several important details.
He claimed it lacks a clear programme to manage the economy or a short term or long term vision for the country.
MP Premadasa added it also lacks a plan to expedite the economic development rate or reduce the budget deficit.
He noted the cost of living issue is worsening while the spending power of the people is reducing.
The Opposition Leader claimed a solution was not provided for the debt burden through the Budget, while it lacks vision to increase foreign investments and foreign reserves.
He added the Budget also didn’t provide a clear statement regarding the crisis faced by farmers, which could lead to a food shortage and affect the country’s food security.