Budget proposes to steer economy through same failed economic path: AKD

By Ajith Siriwardana and Yohan Perera   

 The budget 2024 has proposed to steer the country through the same failed economic path instead of finding permanent solutions to the grave economic issues faced by the country, NPP leader Anura Kumara Dissanayake said yesterday.   

 Commenting on the budget, he said the President in his budget speech said that the country had adopted an economic policy of obtaining loans, printing money and selling state property for the last 75 years and he proposed the same old policies as solutions.   

 “The first phase of his budget comprised a confession of his and his government over the destruction of the economy. He pointed out the failed economic policies adopted by the government during the past 75 years including obtaining loans, printing money and selling state property. Then, in the second phase, he made proposals to exit economic shambles. These proposals are also entirely based on the economic policies of obtaining loans, printing money and selling state property,” he said.   

 The MP said the President has proposed to increase the debt threshold by Rs. 3,400 billion.