Gammanpila says Interim Budget missed key issues

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Although there are many positive proposals, the Interim Budget does not include a proper programme to create a productive economy in order to recover from the current economic crisis, Pivithuru Hela Urumaya Leader MP Udaya Gammanpila said.

There is no mention of extremely important measures to overcome the crisis, such as developing the service sector by taking advantage of Sri Lanka’s geographical location and obtaining foreign assistance to extract natural resources, he claimed.

Gammanpila, during a press conference 31 August, said that there is no proposal in the budget to increase the direct tax percentage of state revenue.

Furthermore, he noted that they cannot approve an increase in VAT from 12 per cent to 15 per cent while the price of goods has increased by 47 per cent and the price of food has increased by 83 per cent. “In fact, this will make the poor people who are already suffering from the increased commodity prices even more miserable,” he said.

By Thameenah Razeek