Leader of the Opposition Sajith Premadasa says neither the government nor the Governor of the Central Bank of Sri Lanka has any knowledge of key economic theories.
Speaking during an event in Vavuniya today, MP Premadasa said the country’s dollar reserves will not increase as the recent Yuan loan from China cannot be converted into US dollars.
The Opposition Leader said the downfall of all sectors has accelerated while the Central Bank Governor claimed that printing money has no negative effect on the economy.
The MP added this proved the Governor’s lack of knowledge on economics.
On a separate note, MP Premadasa said prices of local goods will increase further in the future adding there are forewarnings of shortages of rice and fuel as well.
He said power cuts are reported daily as the government is unable to pay for shipments of crude oil.
The Opposition Leader said industrialists are unable to source raw materials, importers are facing difficulties in operating factories while the public risks losing employment.
MP Premadasa said members of the government are under the impression that the public can be misled to vote for them again by simply providing a mere allowance of Rs.5,000 while the public faces many issues.