Leader of the National People’s Power Anura Kumara Dissanayake says corruption has plunged Sri Lanka into a huge debt crisis.
Addressing the National Convention of the National People’s Power in Colombo today the party leader said despite the large sum of foreign loans obtained, projects have not been enforced in the country.
MP Dissanayake said the impact corruption has had on the economy is immense with the former Auditor General making a statement that Sri Lanka’s debt was Rs.11 trillion with only Rs.1.8 trillion in assets.
He added the country is facing a major debt trap and urged rulers to indicate the development that has taken place with the large sums of loans that were acquired.
The NPP leader however claimed that the country can be developed through Sri Lanka’s geographical positioning, natural and human resources, world politics, and a new economic framework.
MP Anura Kumara Dissanayake said while the government has a vision and a programme, such goals are enforced by entrepreneurs adding that they must be invited to work towards these goals.
He stated industrialists are facing uncertain times and are hesitant in initiating new ventures as a result.