Parliament member SM Marikkar said that the President cannot declare whether Sri Lanka is bankrupt or not and it should be declared by international credit rating agencies.
Mr SM Marikkar, Member of Parliament, stated this when he participated in the press conference held at the Opposition Leader’s office in Colombo today (24).
He further commented and said,
The President is preparing to make a special statement that the country has been saved from bankruptcy. In this way, the President addressed the nation on March 21 last year and made a statement saying that the country has recovered from bankruptcy and that the country has reached a normal state. Last year, the President told the nation that the country was freed from bankruptcy, announced in the parliament an increase in the VAT, increased the income tax, increased the price of essential goods, increased the electricity bill, increased the water bill, and made it impossible for the people to live.
There is a suspicion that the president is trying to claim that the country has been rescued from bankruptcy and that he is charging the tax that he is ready to charge to the houses. The President and the Parliament cannot say whether the country is out of bankruptcy or not. Credit rating agencies should mention that. According to credit rating agencies, Sri Lanka is still in a state of selection to default or default. It is no use pretending that the country is not bankrupt. If the country gets out of bankruptcy, the suffering of the people, the difficulty for parents to send their children to school, and the difficulty for pensioners to live should all be improved.
The Election Commission will get the power to call the presidential election on the 17th of next month. Also, from the surveys conducted so far, President Ranil Wickremesinghe is at the end. Also, the president is trying to win over the voters who have not decided to vote in an election by performing a drama. By doing so, President Ranil Wickremesinghe will run for the presidential election only if he comes second in the survey reports. In the 2019 presidential election, Gotabhaya Rajapaksa’s bid for the presidential election is the next part of the play performed by Nai Natawala.
Negotiations are still underway with the creditors who bought the international bonds.
It is reported that the government is going to say that the country is out of bankruptcy and to make an agreement with Paris Club, India and China. Also, ISB holders have been asked for a haircut of between 20 and 30 per cent. But they have expected 10 per cent. If we sign an agreement to carry out a campaign for the President, the number of Heta Cuts available to us will decrease. It affects the whole country. It is a dangerous situation. If the government signs an agreement in haste, the next government is bound to implement the agreement. The haircut that we can afford can be completely ruined. We should not sign treasonous agreements that increase the country’s debt burden and destroy the country’s chance to get relief for campaign activities aimed at the presidential election.
83,000 million dollars when President Ranil Wickremesinghe took over the country. At present, there is a debt of more than one million dollars. It has become a country that borrows approximately 25,000 billion rupees per day. The results of these will not come in 2048. The results of these will be available in another two or three years. Sri Lanka has not yet started debt payments. Institutions that take grades do not rank Sri Lanka at the top. Therefore, by saying that Sri Lanka is not bankrupt, the country will fall further into the abyss.”
