Senior Lecturer attached to the University of Ruhuna Prof. Nandasiri Keembiyahetti says a satisfactory budget has been presented in Sri Lanka despite core proposals not being tabled to resolve pressing issues.
Speaking to NewsRadio he said the government budget proposals to repossess Rs. 8.5 billion from Perpetual Treasuries Ltd., charging a one-time tax surcharge from companies thriving during Sri Lanka’s economic decline such as those in the telecommunication sector and imposing higher taxes on cigarette were all commendable proposals.
Prof. Keembiyahetti assured that the budget can attract public confidence and support, but will not answer the main concerns in the country such as the foreign exchange crisis.
He pointed out that no plan has been presented to attract Foreign Direct Investments, increase exports, promote tourism and invest in the power generation sector.
Senior Lecturer Nandasiri Keembiyahetti commented that the government is focused on regaining public trust in areas that the administration was criticized on, instead of resolving wider issues.
He cited the teacher-principal salary anomalies, employment of graduates, and providing motor vehicles to state sector workers as some examples.