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SRI LANKA ORIGINAL NARRATIVE SUMMARY: 18/11

  1. State Finance Minister Shehan Semasinghe says no decision taken yet to restructure domestic debt: claims negotiations with external bilateral and commercial creditors is still going on: also says a working team of the China Development Bank have met him on debt related issues: markets not convinced.
  2. SLPP dissident MP Professor Charitha Herath says Budget 2023 contains proposals to place state lands under the purview of District and Divisional Secretaries on the pretext of promoting cultivation: warns it would enable cronies of the ruling party to grab government lands.
  3. SJB MP Eran Wickramaratne says Budget 2023 is fraught with lofty ideas without practical solutions: claims it has made Parliament and people of the country to “walk in a dream among the stars”: warns the country would be destroyed, when they wake up.
  4. SLFP General Secretary Dayasiri Jayasekara says the Budget 2023 is no different to what the people in Sri Lanka have heard over the last couple of decades: laments there is no relief at all to the people or to the economy.
  5. SJB MP Mujibur Rahman says the Rupee has been “fixed” for the past many months under CB Governor Dr. Weerasinghe: asserts the policy followed is identical to that followed by previous CB Governors: prior to becoming Governor, Dr Weerasinghe has strongly proposed “more flexibility in managing the exchange rate”.
  6. SJB MP Patali Champika Ranawaka says his Parliamentary Sub Committee has determined that 12% of Samurdhi beneficiaries are the ones who are among the richest 20% of the population.
  7. CB Governor Dr. Weerasinghe states customers “inconvenienced” due to increase in interest rates on loans: asks them to obtain relief by negotiating with the banks.
  8. Civil Appellate High Court of Mount Lavinia orders National Sports Council Chairman Arjuna Ranatunga to pay compensation of Rs.25 mn to former President of the Cricket Board Thilanga Sumathipala, in relation to a defamation case filed by Sumathipala.
  9. Attorney at Law Ruchira Gunasekera elected as the first woman President of the Organisation of Professional Associations: she was previously the first woman General Secretary of the OPA in 2019.
  10. Finance Ministry Tax Policy Advisor Thanuja Perera says there are just over 300,000 tax payers in Sri Lanka (1.33% of the population): wants the tax net to be widened further.

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