Parliament approves Domestic Debt Restructuring programme

1 July 2023 07:55 pm Views - {{hitsCtrl.values.hits}} 12 Bookmark

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The Domestic Debt Restructuring programme was approved by Parliament with a majority of 60 votes with 122 members voting for and 62 against.

Some members were absent during voting.

The Chairman of the Committee on Public Finance Harsha De Silva voted against. SJB MP Vadivel Suresh and MP Sudarshani Fernandopulle voted in favour.

SLFP members were absent during voting time. A total number of 40 MPs were absent during voting, while the TNA and MP Gajendrakumar Ponnambalam voted against.

SJB MP Rajitha Senaratne was a notable absentee. (Yohan Perera and Ajith Siriwardana)

Comments - 12

Pravin Saturday, 01 July 2023 08:37 PM

Good news. The country can move forward now. Let's keep the names if the opposers in mind for the future.

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Asanga Saturday, 01 July 2023 09:44 PM

A very predictive voting by the opposition. Basically oppose everything that the governemnt is trying to do to salvage the country from the mess it s in. So much of the debate time was wasted on debating whether the opposition leader should have been allowed to participate in the COPF discussions. He is not a member of that Committe and does he think that merely because he is the opposition leader he could barge and in basically take centre stage? The opposition has consistently demonstarated over the past year that it has no interest in putting shoulder to the wheel to assist in any measure it could to address the burning issues of the country. However it has not been short of serving platitudes and playing to the gallery, all the while seeking means toi undermine whatever remedial actions that are being brought forward by the government. Systems change should star with the opposition seeking to be genuinely constructive rather than merely playing lip service.

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JeffK Saturday, 01 July 2023 10:56 PM

Don't vote for any one who voted agains this.

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Ram Sunday, 02 July 2023 02:59 AM

All those who absented must be taken to task by the public by not sending them next time. Then all those who voted too must not be sent next time. Debt restructuring is local lenders like the Banks giving further time to pay or wiping off the debts. It is more likely for them to be pressured to wipe them off. Recently they wiped off debts amounting to 50 Billion arising out of loans given to businessmen. Sad

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Jude Sunday, 02 July 2023 10:18 AM

Hello, don't send the entire 225 coz they're responsible of bankrupting the country!!

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Jude Sunday, 02 July 2023 10:20 AM

Who cares!!! Government gonna borrow Over and over and will do the restructuring time to time Huh.

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Silva / Perera Sunday, 02 July 2023 10:36 AM

Real owners of EPF/ETF have no opportunity to Make decisions. Decisions are made by officials appointed by the government or Central Bank. Pension funds like this elsewhere have an independent board for investment management. They are the ones who do the risk analysis and decide which places to invest after checking the risk appetite. They decentralize investments as much as possible to reduce risk. Usually they do not invest more than 10% in one place. But in our country?????? Quoting Manju Nissanka in You tube.

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Yohan Sunday, 02 July 2023 12:14 PM

It's very pathetic and ignorent of people who side with the current government. Politico steal from the middle class and ask the middle class to bail the country out. This is a disgrace. Real returns to the EPF holders are always been negative due to misappropriation of funds.

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Sivalingam Sunday, 02 July 2023 12:30 PM

EPF got hit, but not the super rich bank owners.

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C Sunday, 02 July 2023 01:04 PM

Why members if cannot be in parliament, dumb Srilankans who vote good lessons.

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Lanka Perera Sunday, 02 July 2023 01:39 PM

Central bank chief and his family held responsible in the future for our banks. This restructuring banks decision decided by Mr.Ranil Wickramasinghe who has no people mandate from its own people and central bank chief.

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What is Vadivel Suresh's game, will it be poor long term outcome for his voters Sunday, 02 July 2023 09:48 PM

Maybe there are very few amongst What is Vadivel Suresh's voters who have EPF, since they are mostly low paid estate workers. However, if he wants better pay, conditions and justice for them he shouldn't just go along with the President's agenda. The President had said sweet words to What is Vadivel Suresh's when there was big talk from Vadivel Suresh's about being happy with the meeting, and maybe voting for all and any wicked and unfair activities is part of that. However, What Vadivel Suresh's must now realise there maybe grudge against his voters for his siding with the President on this matter

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