This government printed money amounting to Rs. 03 trillion: Siyambalapitiya

Date:

The outcome of this government’s conduct of printing Rs. 03 million of cash can even be understood by an Ordinary Level student, said Sri Lanka Freedom Party (SLFP) MP Ranjith Siyambalapitiya, speaking to Parliament yesterday (04).

He pointed out that the economic inflation at the black market is not entered in the statistics and that today the price of a cylinder of gas has surged up to Rs. 30,000.

Accordingly, the country is driving itself into a hyper-inflation risking the emergence of complicated problems and the situation could be irreversible should it continue, the SLFP MP warned.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

CPC Blocks Competitive Fuel procurement Bidding Costly Monopolies Persist

By:Staff Writer September 15, Colombo (LNW): A tense row between...

Sri Lanka Tourist Arrivals Cross 1.6 Million as NPP Pushes Industry Revival  

By:Staff Writer September 15, Colombo (LNW): Sri Lanka’s tourism industry...

Sri Lanka-Philippines Trade Ties Poised for Major Breakthrough

By:Staff Writer September 15, Colombo (LNW): Sri Lanka and the...

Sri Lanka Builds Skilled Workforce to Power Low-Carbon Future

By:Staff Writer September 15, Colombo (LNW):Sri Lanka is making decisive...