Cabinet gives go-ahead for DDR

28 June 2023 05:55 pm Views - {{hitsCtrl.values.hits}} 10 Bookmark

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Approval has been granted by the Cabinet of Ministers for the country's Domestic Debt Restructuring (DDR) program.

The approval was given at a special Cabinet meeting held this evening.

Sri Lanka is currently taking steps to restructure domestic debt in order to ameliorate the nation's financial difficulties.

Meanwhile, the President’s Media Division said in a statement that the domestic debt restructuring programme proposed by the Finance Ministry was approved by the special cabinet meeting unanimously which concluded this evening

It further stated that all Government MPs were notified this regard a short while ago at the Presidential Secretariat and the next proposal will be submitted at the next Parliament session for discussion.

Comments - 10

Quo vadis Wednesday, 28 June 2023 06:23 PM

They should restructure their expenses first and pay market value income tax on all the benefits they take (eg super luxury vehicles, bungalows etc).

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Liberal One Wednesday, 28 June 2023 06:43 PM

Every time we fall down we get up again quickly. The issue is we don't grow after that. Shall we work hard and grow our economy at-least this time?

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Lion Wednesday, 28 June 2023 06:45 PM

Cabinet what cabinet, these rouges are refused by the people of this country. They will raise their hands for any thing since it results saving themselves

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Gamini Wednesday, 28 June 2023 07:06 PM

We are all 'Yes Sir' men. Why oppose? Also our money is in Dollars. We converted all our Rupees to Dollars three weeks ago.

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Daya Wednesday, 28 June 2023 07:59 PM

Wonderful.... They wouldn't have known for what they are raising their hands. Guys do not have any clue and they will not lose anyway. Whatever happens, it's the poor citizens who will pay for it, not the politicians.

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RuwanL Wednesday, 28 June 2023 09:01 PM

I am not sure whether there is anyone in the cabinet who has an iota of knowledge on banking and finance!

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Sam Silva Wednesday, 28 June 2023 10:36 PM

The irony is that whatever the government publishing or planning to do, we do the people falls into assuming the outcome going to be better. But we little know we are walking backwards as a country though outwardly we show we are progressing.

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Buddhist Wednesday, 28 June 2023 11:09 PM

Now Namal and Mahinda can fight with their own SLPP MPs who are in the cabinet for approving DDR and not come into the public and make comments. It's their people who approved it.

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Jude Thursday, 29 June 2023 09:17 AM

99% of the cabinet members don't understand about DDR or any highfinance stuff!!

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M.P.D. Kapila - (3 wheel operator) Friday, 30 June 2023 10:24 AM

By this the entire nation will hate Ranil Rajapakshe regime and all will have to pack their bags and hide in the forest very soon.

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