Citizens affected by economic collapse - Sajith | Daily News

Citizens affected by economic collapse - Sajith

The citizens of the country have to bear the brunt of the present economic collapse resulting from mismanagement and corruption, Opposition Leader Sajith Premadasa told Parliament yesterday.

“It is a well-known fact that the Sri Lankan economy is in a deep recession. The government has always pointed to the COVID-19 pandemic as the main and only reason for this. Institutions responsible for macroeconomic management have been established from the outset in the event of any abnormal changes or instability   in the financial nature of the country. Our country is facing an economic recession that no other country in the world has faced in the face of the pandemic due to the failure of the responsible Finance Minister, the Monetary Board and the Central Bank to fulfill their role properly,” Premadasa alleged. Premadasa said “According to the Colombo Consumer Price Index, surface inflation increased from 3% in January 2021 to 14.2% in January 2022. Food inflation rose to 25% from 6.8%.

 


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