Aristotle Monday, 21 November 2011 10:14 AM

Sorry patriots, this is just the start to meet IMF conditions. The IMF is due in Sri Lanka soon.

Reply 5       57

bigsam Monday, 21 November 2011 10:21 AM

Come on - you don't put specifics like that (devalue rupee by 3%) in a budget. Bet you certain cronies must have been racking up dollars in the last few days!

Reply 4       44

Asantha Monday, 21 November 2011 10:32 AM

can someone explain what is mean by de valuing ruppe.
How it effects for the ruppe fix deposits and USD accounts

Reply 1       25

nalaka Monday, 21 November 2011 10:59 AM

Whole county is depreciated by 3%, while government servants get 10% salary increment.

Reply 2       39

kokka Monday, 21 November 2011 10:57 AM

simple... gave you 10% salary increment and take 3 % devaluated currency for buying... now you see a picture like .. you got 10 rupees and suddnly taken back 5 rupees or more in other way ~

Reply 2       38

Shan Monday, 21 November 2011 01:37 PM

no need to devalue SL rupee, it already depreciated. There is no mega plan to produce goods and services for export.

Reply 0       0

S.Sriranjan Monday, 21 November 2011 02:15 PM

Give 2% and Take 3% what a great deal for the Government!!!

Reply 0       0

MK Monday, 21 November 2011 03:25 PM

Finally. This was needed to prevent a Balance of Payment (BOP) crisis which could have really hurt the economy. Low inflation and over eight per cent growth should be maintained.

Reply 0       1

Deshan Monday, 21 November 2011 03:56 PM

This is the best thing that the govt has done in a while. It was a baseless and stupid exercise to defend the currency when the rest of the world was devaluing. It's only because of our oil billI think.

Don't think devaluing the currency is a bad thing people. If they didn't do it, our interest rates wouldv'e shot up. They already were in the last 2 months. Would've hampered the whole economy.

Kudos to the govt for finally doing it, better late than never I guess

Reply 1       0

citizen1 Monday, 21 November 2011 04:08 PM

Total scam!

Reply 0       1

Anura Tuesday, 22 November 2011 04:30 AM

This a "nonsense of budget". that is the Net worth of it in simple terms. everything else is done outside the budget like increase and impose new at will through gazette papers. Just reduce the No. of political positions(PCs, RCs, MPs and whole lot of staff, backup vehicles, corruption and so on) who depend on public money that alone is good enough for this small country to develop. just operate through Public admin infrastructure which is already in place.( GA, GS etc)

Reply 0       2