State Minister of Finance, Ranjith Siyambalapitiya, addressed Parliament on the misleading promises made by certain party leaders regarding changes to IMF agreements. He emphasized the frivolity of such assertions, stating that altering these agreements after obtaining a mandate is unrealistic. Siyambalapitiya stressed the importance of transparency in explaining to the public the methods for advancing the country while managing taxes and government revenue effectively.
Furthermore, the State Minister outlined the formulation of a state business restructuring policy aimed at enhancing the competitiveness and profitability of state institutions. He announced plans to introduce a bill in Parliament soon to enact this policy, emphasizing the need to bring state entities to an international standard. Siyambalapitiya highlighted the intention to undertake reinvestment activities tailored to each business, including selling shares, changing management, and adopting cooperative systems.
Siyambalapitiya criticized other political parties for misleading the public by promising to change the conditions implemented by the current government. He clarified misconceptions regarding IMF agreements, refuting claims of a 20 percent rate imposed on the government for debt repayment. Instead, he emphasized the commitment to sustainable debt repayment, aiming to strengthen financial stability by 2032. The government’s financial target aims to limit the total debt to 95 percent of the gross domestic product.
In conclusion, Siyambalapitiya’s remarks underscored the government’s dedication to prudent financial management and transparent policies. He urged for responsible discourse and informed decision-making, emphasizing the importance of aligning promises with realistic outcomes to ensure the country’s economic stability and growth.