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* Main reason for breaking down of the economy is the colossal debt crisis - JVP leader
Sun, Oct 22, 2017, 09:43 pm SL Time, ColomboPage News Desk, Sri Lanka.

Oct 22, Colombo: The two political parties that ruled the country for 70 years have made Sri Lanka a begging country says the Leader of Sri Lanka's Marxist party, Janatha Vimukthi Peramuna (JVP) MP Anura Kumara Dissanayake.

MP Dissanayake said the country is confronted with the gravest economic breakdown and the main reason for the breaking down of the economy is the colossal debt crisis the country is confronted with.

"Today, the debt we owe is about Rs. 618.3 billion. Since 1985 our debt has increased by several billion. However, this debt did not increase people's assets but rulers' and their henchmen's assets increased."

He further said the funds earned by the Treasury are not adequate to pay the loan instalment and no one gives loans now.

"They would give a loan in exchange for our resources. The government could get money if it sells a people's asset," the JVP leader said.

He said the government would sell the Mattala Airport to an Indian company and money that would get selling the airport would be sufficient to manage for a short period. After that the government would sell the East Jetty of Colombo Harbor, Kalpitiya Islands, mineral sands deposits at Pulmoddai and many others.

MP Dissanayake was speaking at the Kalutara District Convention of 'Dhiriya Purawesi' Societies held on the 19th at Puttalam as a part of the series of summits being held by the JVP throughout the island under the theme "Gamata Diriyak - Ratata Balayak" (Boost for the Village & Power for the Country).


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