Professor Wasantha Athukorala of Peradeniya University’s Department of Economics and Statistical Studies said that the International Monetary Fund’s reviews of Sri Lanka’s economy did not analyze how much the common people were under pressure due to the implementation of related economic reforms in a framework that only considers macroeconomic stability. said to (Sri Lanka Latest News)
He says that a large number of middle-class families have fallen below the poverty line.
Also, considering the expenditure pattern of these middle-class families, it is stated that a large amount of their income is spent on paying bills such as transportation, telephone, electricity, and water.
Due to this, it has been revealed that the income they receive is not enough to spend on the education, nutrition, health etc. of the children.
He pointed out that the common people of the country as well as the business community are living in great difficulty due to the fact that the economic reforms are not implemented in a manner that suits the country.
The professor pointed out that even though the government is expecting a large income through tax reforms, no practical program is being implemented in the country to reach that goal.
The professor points out that the government should act to increase the country’s income by correctly identifying high-income families and expanding the tax base, as well as reducing indirect taxes significantly.
Mr. Wasantha Athukorala further mentioned that it is possible to provide relief to the people by reducing the price of essential goods.