Central Bank Governor (Dr.) Mr. Nandalal Weerasinghe says that solving the current crisis in the country is something that cannot be done in two months and he believes that he will have to endure these inconveniences at least until December this year.
He also mentioned that to avoid this crisis, the state income should be increased to at least 14-15% level while participating in the dialogue held at the Parliament complex the day before yesterday (31) titled “Current economic situation and outlook of Sri Lanka”.
He said that during an economic crisis, the low-income earners should be protected first and therefore money should be allocated for social safety nets to protect them.
He pointed out that if the economic hardships of low-income earners increase, poor people may take to the streets and because of this, riots may arise in the country. Therefore, he further pointed out that the economy should be stabilized by controlling the discomfort of the low-income parties by making the economic hardships between the high-income and low-income parties divided.
He also pointed out the need to increase government revenue by controlling borrowing. He also said that the current inflation should be controlled and the export income should be increased and he emphasized that it is important to manage the government income and government expenditure.
Mr. Weerasinghe pointed out that by restricting imports, the expenditure of last year’s 2 billion was reduced to 1.3 billion this year. He explained that especially the current state income is about 1.2 billion and if it is possible to control the state expenditure by restricting the import of non-essential items, it will be important for the state income.
This program was organized by the General Secretariat of the Parliament in order to confirm the active participation of the members of Parliament in the parliamentary debates and to create an effective discourse on the current economic situation and the future economic path of the country.
Speaker of the Parliament Mahinda Yapa Abeywardena, Leader of the Opposition Sajith Premadasa, Chief Organizer of the Opposition Lakshman Kiriella and many other Ministers and Members of Parliament participated in this dialogue.
Also, a group of officials of the Parliament staff including Dhammika Dasanayake, Chief of Staff and Deputy Secretary General Kushani Rohanadeera were also present on this occasion.
