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An Economy in turmoil

Thu Jul 28, 2016 8:53 pm by Hasitha

The inability of the present leadership to manage the country effectively is quite visible. The economy as shown above is in turmoil. Within 1 ½ years the prime minister has announced 3 different policy statements in parliament and public are wondering which one is valid. The budget 2016, which was presented in November 2015, has been the biggest amusement in the Sri Lankan parliamentary history as almost every item in that budget was subsequently changed. The cost of living is on the rise and ordinary people are burdened with new taxes. Unemployment has increased by 10% since the new government came to power. The government is still complaining about the previous regime even after 1 ½ years in office. This is a clear sign of incompetency.

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