With inflation and cost of living reaching record peak levels; economists locally and of the entire World have commented that, unless due attention is paid by the Govt. to remedy the present economic impasse, Govt. will have to continue mercilessly ‘killing’ the masses by imposing unending price hikes, tariff hikes and taxes to make up for the Fiscal mismanagement and Govt.’s desperate indiscriminate Foreign borrowings at Commercial and not concessionary rates.
The premier State Bank, the Bank of Ceylon alone has recorded Rs. 13.6 billion in bad debts in 2006!
Minister Nimal Siripala De Silva sought refuge under the regulations, by stating that the defaulters’ names cannot be divulged as the law does not permit it. He was answering questions raised by the Opposition in Parliament on 17th June.
- Sri Lanka Guardian
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