Re-opening country was to put economy on track – Basil
The lockdown of the country in the past few months has disrupted the flow of funds to State coffers from local and foreign entities, and as a result a decision was taken to re-open the country and put the economy on track as soon as possible, Finance Minister Basil Rajapaksa said.
He told a meeting of heads of local government entities at Temple Trees that he would bring relief to the people through appropriate economic management.
He said the country had just $ 1.2 billion in reserves at the time of the war and that with a current reserve of roughly $ 4 billion, the current economic crisis could be resolved with competent management.
The Minister said he is prepared to face the situation and that it was his goal to meet the SLPP’s commitments as well as those of the responsibilities of the Minister of Finance. He said it was the unity among those who were in his favour, that enabled him to form a party and win many triumphs without even being the Leader of the Opposition.
The development efforts of local government Institutions and the challenges they face were discussed in detail while heads of local government institutions briefed the Minister of the problems they had to surmount.