Sri Lanka Opposition Samagi Jana Balavegaya MP Champika Ranawaka said that the government of President Gotabaya Rajapaksa had failed to deliver the promise of making a prosperous economy.
"On December 1st 2019, the government introduced a neoliberal tax concession to the wealthy businessmen. They expected fast economic growth through this action. But the stimulus boomeranged and economy recorded minus growth even before COVID-19," MP Ranawaka said.
"Deposits declined while fiscal state collapsed and economic statistics are contradictory. Census and Statistics Department announced the growth rate in the first quarter by 31 March as minus 1.6. They have failed to present the growth rates in the second and third quarters. Central Bank of Sri Lanka anticipates a minus 1.7 growth. But Ministry of Finance tries to show growth," the former Minister added.
"Fraudulent statistics cannot cover the fiscal and debt crisis and the economic crisis. All sectors of the economy including agriculture, industry and services record minus growth. COVID-19 is not the reason," Champika Ranawaka said.
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