Speaker Mahinda Yapa Abeywardena has handed over a set of proposal to Prime Minister Ranil Wickremesinghe concerning ways to resolve the country’s economic crisis.
The Speaker’s Media Unit said the proposal was submitted targeting a number of important issues in Sri Lanka.
The Speaker proposed four benefit proposals for Sri Lankans working or doing business overseas or any foreign investor making a fixed deposit of a USD 100,000 in the Central Bank for a period of two years.
Accordingly, the Speaker proposes that interest should be paid on those deposits at a rate of 10% per annum in Sri Lankan Rupees while also allowing them to credit the interest to any account preferred by the depositor.
Speaker Abeywardene also proposed that the government issue a vehicle import license worth USD 25,000, six months after an individual makes a fixed deposit while also allowing him to pay a standard tax of USD 10,000 to the Government for that vehicle.
The letter handed over by Speaker Mahinda Yapa Abeywardena to the Prime Minister to supplement the country’s foreign exchange reserves includes six other proposals as well.
These include reducing energy costs, releasing LP gas to the market, boosting domestic production, food production, stabilizing the banking system and providing existing Samurdhi recipients and senior citizens allowances and additional benefits.
Speaker Mahinda Yapa Abeywardena had earlier handed over the same proposal to former Finance Minister Ali Sabri.