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Sri Lanka not prepared to alter policies betraying sovereignty

Jun 30, 2010 4:39:06 AM - itnnews.lk

Minister Basil Rajapaksa has emphasized that Sri Lanka’s economic policies will not be altered to meet the needs of international financial agencies, betraying the country’s sovereignty.

Opening the budget debate of behalf of the Government the Minister said the Government will not alter the economic polices to meet the needs of international monetary agencies. He emphasized that the polices had not been formulated to meet the needs of international agencies. It was a policy based on the local vision. Accordingly he pointed out that such agencies will not be permitted to interfere in Sri Lanka’s internal affairs. The Government is not prepared to give into any conditions. At the same time Minister Rajapaksa said the entire nation was with the Government. This, he added has been consolidated in the elections held in the past.

Minister Johnston Fernando said that the Government will rein in wheat flour imports. The purpose is to strengthen the local cultivator. Participating in the budget debate he said the Government will not encourage the production of flour based items. No relief will be granted in the import of wheat flour. He said the Government was levying a tax of 24.5 percent to discourage the consumption wheat flour.