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JVP To Protest Against Rising CoL

Oct 24, 2010 9:17:15 AM - thesundayleader.lk

The JVP today (24) said it would launch a protest campaign next month against the rising cost of living (CoL).

The party said people could only expect price hikes and increases in taxes and not an increase in salaries from the government.

JVP Propaganda Secretary Vijitha Herath told a press conference today that the government in its Appropriation Bill for 2011 has proposed to take a loan of Rs.997.8 billion and that the country’s economy would be faced with an adverse situation with the increase in the country’s debt burden.

He said that by the end of August 2010 the country had to pay as debt installment and interest amounting to Rs. 4464.05 billion. He added that when the loan proposed by the budget is obtained the Net Debt Per Capita in Sri Lanka would exceed Rs. 250,000.

Herath also observed that although leaders in the country adorn a ‘kurahan satakaya,’ 3.2 million metric ton of kurahan (wheat) has been imported in 2009.

He noted that the economic crises faced by the country at present were far more serious than during the period of the war.