15 August, 2022


Third Reading Of Budget 2018: Full Text Of The Finance Minister’s Speech

Third Reading of Budget 2018: Speech delivered by Mangala Samaraweera, Minister of Finance and Media on 09th December 2017:

Hon. Chairman,

  • I am delighted to begin my speech with the good news that today we received US$ 292 million as the first tranche of the Hambantota Port PPP joint venture. This is but the first step in realizing the true commercial value of the Port after 7 long years.
  • The joint venture PPP partnership with China Merchant Port Holdings (CMPH), a member of China Merchant Group which owns a network of 49 ports across Asia, Africa, Europe and the Mediterranean, will enable Hambantota Port to benefit from the broader trade and shipping network that CMPH will provide access to.
  • These network benefits have already been demonstrated in the success of the Colombo International Container Terminal. CMPH has operated successful models of similar industrial ports in Asia and Africa and this proven track record gives us confidence that the partnership will result in vessel traffic and industrial investment, enabling the Hambantota port to finally generate the cash flows to make it a viable investment.
  • By linking with global value chains in goods and services, taking advantage of the trade-investment nexus, Sri Lanka can truly fulfil its position as an economic hub of the Indian Ocean. The Hambantota Port PPP will generate FDI, create exports and most importantly create jobs that will empower Sri Lankan youth. Jobs, empowerment, exports, and FDI are in fact some of the key focus areas of Budget 2018.

Hon. Chairman,

  • The 2018 Budget is founded on the themes of a Blue Green Budget and Enterprise Sri Lanka. This is a budget to harness Sri Lanka’s marine and natural resources in a sustainable manner, whilst unleashing the true potential of our greatest resource – our people.
  • For too long our people have been suppressed by an overbearing state and by archaic legislation which are a vestigial link to our colonial past. Our education systems have excluded our talented youth and denied opportunities for the realization of their capabilities. Young entrepreneurs have been unable to access affordable finance to bring to life their business ideas.
  • As a result, our youth have become accustomed to waiting for the government to provide them with some relief – be it a government job, or some form of concession or handout. Our companies got accustomed to open ended protection from competition. Sri Lanka as a whole got stifled into a defensive mindset.
  • This Budget is the first step in a journey to reverse this mindset and to empower Sri Lankans to take control of their own destiny. The Budget focuses on liberalization to unlock the barriers to greater investment, trade, and start-up enterprises. It also allocates resources to provide training and skill development for youth to equip them with the capabilities to take advantage of such opportunities.
  • We envisage the day when the farmer’s daughter becomes an agribiz-entrepreneur, when the fisherman’s son becomes a seafood exporter. Sri Lanka needs to go back to its roots of being a nation of entrepreneurs, a nation of traders. To do this we must be open to global trade, embrace competition, and take on the world and win.
  • Whilst the government will not be a nanny state, we do not forget the vulnerable, and thosewho need the support of the state. The Budget has made substantial allocations to ensure appropriate safety nets and support for those adversely affected by market dislocations. However the government will not protect those who stifle competition at the expense of the greater good of society.

Hon. Chairman

  • The debate on shipping liberalization is a prime example of this. At present, 5 Sri Lankan companies control the agencies of shipping lines that account for 74% of the global shipping market. These 5 companies have an average age of 115 years. Whilst these companies have opposed liberalization of the sector, Sri Lanka’s apparel exporters (JAAF and the Sri Lanka Apparel Exporters Association), the Tea Exporters Association of Sri Lanka and the Sri Lanka Export Association, have all hailed the move to liberalise the shipping industry since it enables more competitive pricing and better services to the entire export industry.
  • Do we want to undermine the interest of 1000s of export companies, and hundreds of thousands of their employees, to serve the interests of a handful of entrenched shipping agency companies?
  • We need to encourage an environment of healthy competition that will drive innovation, service excellence, and growth. We will ensure that such competition will be fair and balanced, eliminating unfair trade practices by enacting prudent regulation. This is why the proposal on shipping liberalization is coupled with the proposal to implement an independent regulator for the industry. We will discuss the modalities of implementation of these proposals with Hon. Mahinda Samarasinghe, while taking note of his concerns.

Hon. Chairman,

  • The Budget takes a similar approach to trade liberalization. Sri Lanka has become one of the most protectionist economies in the region with an array of tariffs and para-tariffs. In addition to driving up the cost of living and the cost of doing business, these tariffs have resulted in creating an anti-export bias and diverting economic resources to the non-tradable sector. It is no wonder then that our exports have collapsed in the last two decades.
  • It is in this context that we embarked on a systematic trade liberalisation agenda in this budget. We announced the immediate removal of 1,200 para tariffs, which were identified as having limited domestic economic impact and negligible revenue impact. We have committed to the complete removal of all para-tariffs of items that do not have customs duty within the next three years. This is a major reform. It will help drive resources to the export sector and will bring relief to consumers as well.
  • Rest assured that these reforms are not being initiated in a vacuum. We are well aware of the fallouts of unfettered liberalisation as seen in the Asian Economic crisis of 1997 and more recently with the push-back against economic liberalism in the West. We are taking an informed, balanced approach to globalisation.
  • With regard to tariff liberalisation, the government has identified a core negative list of products, including sensitive agricultural and rural industry products, which will not be subject to the same liberalisation programme. We are bringing in legislation to prevent unfair trading practices, and robust Anti-Dumping, Countervailing, and Safeguards laws are in the final stages of enactment. Together with strengthened Consumer Protection laws, Sri Lanka will have the legislative framework to address any fallout from trade liberalisation efforts.
  • A Trade Adjustment Package is also being designed to provide financial as well as non-financial support to local industries to remain viable in the context of a more competitive environment. In parallel, an Export Market Access Support programme is proposed in the budget which will facilitate SMEs to venture into global markets.
  • Any economic reform creates winners and losers. There will be many winners in our reform efforts, but through these adjustment measures we have ensured that there is a meaningful safety net to support those who fall behind.

Hon. Chairman,

  • Another significant liberalization measure is the modernization of archaic legislation. There are many who pontificate on the need for Sri Lanka to break away from the forces of globalization and to chart an independent path. But little do they realize that many of our major laws and legislation are still those designed by our former colonial rulers. We remain tied to this colonial legacy and continue to be governed by those diktats.
  • The proposals in Budget 2018 for further liberalization of markets are designed in a manner to promote competition and contestation in markets. Competition drives innovation, productivity improvement, and service excellence, all of which in turn support better and more affordable products and services for citizens, and will enhance living standards in Sri Lanka.
  • It is also clear that these liberalization measures are not implemented in a vacuum. They include carefully thought out measures to ensure appropriate safeguards and support to protect the vulnerable. In all proposals, Budget 2018 sets the stage for a vibrant social market economy, with a foundation of competitiveness, social justice, and fairness.

Hon. Chairman,

  • The bedrock of a vibrant and competitive economy is robust social infrastructure. A country’s greatest asset is its people, and we have continued to invest heavily in our people. It is only then that our people will be empowered to be true shareholders in Enterprise Sri Lanka. Since the Unity Government came into power, there has been a conscious effort to enhance expenditure in education, health, and housing.
  • In the year 2014, the then government spent less than 2% of GDP on education, higher education, and skills development (1.9% of GDP). In every year since then the spending on education has increased and the proposed expenditure in 2018 is 2.4% of GDP. This will gradually increase in the coming years. But it is not just the volume of spending that is relevant, but also the quality of expenditure.
  • An exam centric curriculum has resulted in a large number of students dropping out of school after Ordinary Levels. But this is because the education system has failed the students, not due to a failure of the students themselves. The education system has failed to recognize the fact that all students have unique skill sets beyond academic capabilities.
  • The 13 years of education policy, with an allocation of Rs. 3.5 billion, recognizes the varied skill of students and ensures the opportunity for students to stay on in school after Ordinary Levels. Students can take up market oriented technical and vocational training programmes and skill development programmes, at the successful completion of which they will receive formal certification such as NVQ 4.
  • Rs. 4.5 billion has been allocated for market oriented skills development programmes for youth through the Employment Preparation Fund and the Youth Corps. The German Tech training school programme will be expanded to 5 new schools around the country, enabling all Sri Lankans to develop the skills to thrive in Enterprise Sri Lanka.
  • In Higher Education Rs. 5 billion is allocated for development of new technology based degree programmes. Access to higher education will also be further enhanced by easing the eligibility criteria for Mahapola scholarships which will benefit at least 3,000 additional students.
  • In the year 2014 the previous regime spent 1.39% of GDP on public health. Since the Unity Government came into power there has been a marked increase in expenditure on health, with the allocation for 2018 increasing to 1.73% of GDP. Significant allocations have been made for the control of non-communicable diseases such as diabetes, cardiac illness, and the continued threat of CKDu. A health insurance scheme is also introduced for university students.
  • Significant investments are allocated for housing across the country. Rs. 17.5 billion is allocated for housing under the Urban Regeneration Programme, with a further Rs. 12 billion allocated under various rural housing development schemes.
  • The government’s commitment to large scale investment in social infrastructure is abundantly clear. These are investments that directly benefit the people in the form of knowledge empowerment, health and wellbeing, security and shelter. You may not see this development in the form of glittery, albeit empty, airports or ports, but you will see it in the form of improved lives and livelihoods or everyday Sri Lankans.

Hon. Chairman,

  • I have spoken a lot about Enterprise Sri Lanka – a key theme of this Budget. We envisage the modernization of Sri Lankan enterprise where entrepreneurship thrives, and small businesses have opportunities to tap into global value chains. But we have not in any way neglected traditional industry and the rural economy. Enterprise Sri Lanka will empower the traditional economy and help take it to the next level through the infusion of technology and access to markets.
  • The fisheries sector for example is the focal point of the Blue Economy. We will modernize this sector with subsidies for higher end fishing vessels including multi-day fishing boats and for the installation of modern on board cold storage technology. Almost 2 billion rupees has been set aside as new proposals for the development of fisheries harbours which would help reduce post-harvest losses and improve the supply side.  These measures will help enhance Sri Lanka’s fish stock and will enable the country to take advantage of opportunities such as GSP +.
  • The budget also encourages greater value addition in agriculture. The proposal to tax backward integrated agriculture activities at a concessionary rate of 14% will encourage further value addition. The proposal to exempt selected advanced technology agricultural equipment from NBT will be a boost to technological infusion in the sector.
  • The Ran Aswanna and Govi Navoda subsidized loan schemes, at 6.5% and 3.3% interest rates, under the Enterprise Sri Lanka Credit Scheme, will enable SME farmers to invest in storage technology to reduce post-harvest losses, and also in machinery and equipment to mechanize agriculture.
  • Finally, the farmer insurance scheme, with an allocation of Rs. 3 billion, based on a transparent weather index will be a boost to the rural farmer of Sri Lanka. This contributory insurance scheme will help ensure buy-in of all stakeholders in a transparent and fair manner and will help protect farmers from the increasing ill-effects of climate change.

Hon. Chairman,

  • In fact transparency and fairness in a rule based framework is the hallmark of all the taxation proposals in this budget. One of the major impediments to investment and the business climate has been Sri Lanka’s tendency for ad hoc tax policies. Following the Inland Revenue Act, in the budget we have taken steps to address this by introducing transparent, rules based taxes in several key segments such as vehicle taxation and alcohol taxation, among others.
  • In vehicle taxation the change in basis to a pure engine capacity based tax will help address the rampant malpractice and severe leakage in Customs revenue. In the past alcohol taxation on an ad-hoc basis has favoured one sector over another, leading to corruption and a proliferation of illicit liquor. The change to a formula based tax on alcohol content will finally bring some rationality and objectivity to the taxation of alcohol, in line with global best practices.
  • The principles of fairness, rule of law, and transparency are the foundation of the Unity government. The proposals in the Blue Green Enterprise Sri Lanka Budget are an embodiment of these principles. These proposals set the stage to empower Sri Lankan entrepreneurs, Sri Lankan SMEs, Sri Lankan youth, to take their future into their own hands, to compete on the global stage and win.

ගරු සභාපතිතුමනි‍,

  • 2018 වර්ෂය සඳහා මවිසින් ඉදිරිපත් කරන ලද අයවැය ක‍ථාවේ කරු‍ණු පි‍ලිබඳව අයවැය කාරක ස‍‍‍භා අවස්ථාවේදී දින 19 ක් පුරා තම අදහස් දක්වමින් කථා ක‍ළ පක්ෂ විපක්ෂ සියලුම ගරු මන්ත්‍රීවරුන්ට මගේ ස්තුතිය පුද කිරීමට කැමතියි.
  • නීල හරිත ආර්ථිකයක් සහ එන්ටර්ප්‍රයිස් ශ්‍රී ලංකා යන තේමාව යටතේ ඉදිරිපත් කළ 2018 අයවැය යෝජනාවන් ක්‍රියාත්මක කිරීමට පෙර ගරු මන්ත්‍රීවරුන්ගේ වටිනා අදහස් සහ යෝජනාවන් ලබාගැනීමට හැකිවීම මා අගය කොට සලකනවා.  එහෙත් ඉතා ‍භාරදූර කාර්යය වන්නේ එම යෝජනාවන් යථාර්තයන් බවට පත්කිරීමයි.
  • අයවැය යෝජනාවලින් බොහෝ ප්‍රතිසංස්කර‍ණ සඳහා අඩිතාලම් දමා තිබෙන බැවින් ඒවා කඩිනමින් ආරම්‍භ කර එහි ප්‍රතිඵල මහජනතාවට ලබාදීමට අපේක්ෂා කරනවා.  දැනටමත් සියලුම යෝජනාවන් ක්‍රියාත්මක කිරීමට අවශ්‍ය මූලික කටයුතු ආරම්‍‍‍‍‍‍‍‍‍‍‍‍භ කර ඇති අතර සියලු අමාත්‍යාංශවලින් ඒ සඳහා අවශ්‍ය සහාය ලැබෙනු ඇතැයි මා විශ්වාස කරනවා. 

ගරු සභාපතිතුමනි‍,

  • 2017 වර්ෂයදිළිඳුකම පිටුදැකීමේ වර්ෂය ලෙස අතිගරු ජනාධිපතිතුමා ප්‍රකාශයට පත්කර ඇති බැවින් සියලුම සංවර්ධන වැඩසටහන් එම අරමුණ ඉටුවන පරිදි ක්‍රියාත්මක කිරීමට පියවර ගෙන තිබෙනවා.  දිළිඳුකම පිටුදැකීමේ අරමුණින් දැනට ක්‍රියාත්මක වන ග්‍රාම ශක්ති වැඩසටහන” තවදුරටත් පුළුල් කිරීම සඳහා රු.මිලියන 2,000 ක මුදලක් 2018 වර්ෂය සඳහා වෙන්කර දී තිබෙනවා. 
  • මුල් අදියරේදී ඉහළ දරිද්‍රතාවයක් පවතින පසුගාමී ග්‍රාම නිලධාරී වසම් 1,000 ක් තෝරාගෙන දිලිදුකම අවම කිරීමට කටයුතු කරන අතර ඉන්පසුව ක්‍රමිකව සියළු ග්‍රාම නිලධාරී වසම් ආවරණය කිරීමට මෙම වැඩසටහන යටතේ අපේක්ෂා කරනවා.  මේ සඳහා අවශ්‍ය වන මුදල් අයවැය ඇස්තමේන්තු මගින් ඉදිරියේදී ලබාදීමට කටයුතු කරනවා. 
  • එසේම,මෙම වැඩ සටහන යටතේ නිෂ්පාදන ගම්මාන ලෙස දියුණුකල හැකි ග්‍රාම නිලධාරී වසම් හඳුනාගන්නා බැවින් නිෂ්පාදන ආර්ථිකය නංවාලීමටත්, අවශ්‍ය තාක්ෂණ පහසුකම් ලබාදීමටත් හැකිවෙනවා. ඒ තුලින් නව රැකියා අවස්ථා බිහිවන අතර විදේශ වෙළඳපල ඉලක්ක කර නිෂ්පාදනයන් දිරිගැන්වීමටද හැකිවෙනවා.එමෙන්ම,2018 වර්ෂය වෙනුවෙන් ඉදිරිපත් කරන ලද අයවැය යෝජනාවන්ද දිළිදුකම පිටුදැකීමේ වැඩසටහනට අනුව සකස් කර ගැනීමට පියවර ගන්නවා.

ගරු සභාපතිතුමනි‍,

  • කාලගුණිකහා දේශගුණික වෙනස්වීමත්, පරිසර පද්ධතියට සිදුකරන ලද බලපෑමත් හේතුකොටගෙන පසුගිය කාලය පුරාවටම ස්වභාවික ආපදාවන් රැසකට මුහුණදීමට අපට සිදුවුනා.  එමනිසා ස්වභාවික විපත්වලට මුහුණදීමට හැකිවන පරිදි දීර්ඝකාලීන වැඩපිලිවෙලකට අවතීර්ණවීම අවශ්‍ය වෙනවා.  ඒ අනුව, නාගරික ගංවතුර පාලනය අරමුණු කොටගෙන ඉහළ ගංගාධාර ප්‍රදේශවල ජලය රදවා තබාගැනීමට හැකි ජලාශ සකස් කිරීම හා ඒවාහි ධාරිතාවය වැඩිකිරීම පිළිබඳව අවධානය යොමුකර තිබෙනවා. 
  • මේ යටතේ මවිසින් වීඔය, නාවත, හොලොම්බුව සහ රූකාසල් ජලාශවල ධාරිතාවය වැඩිකිරීම දීර්ඝකාලීන වැඩපිලිවෙලේ කොටසක් ලෙස හඳුනාගනු ලැබූවද,පටු දේශපාලන අරමුණු මුදුන්පත් කර ගැනීමේ නියැලී සිටින පිරිසක් එම ප්‍රදේශවල ජනතාව නොමඟ යවන ලෙස කටයුතු කිරීම පිළිබඳව මා කණගාටුවෙනවා.  මෙම යෝජනාවන් දීර්ඝකාලීන පියවරයන් ලෙස හඳුනාගනු ලැබූවද, අවශ්‍ය ශක්‍යතා අවධානයක් සිදුකර එහි යෝග්‍යතාවය සොයාබැලීමත්, මහජනතාවගේ අදහස් සැලකිල්ලට ගෙන ඔවුනගේ කැමැත්ත පරිදි සිදුකිරීමත්, අපගේ අරමුණයි.  එසේ නොමැතිව මෙම ව්‍යාපෘති කිසිවක් ක්‍රියාත්මක නොකරන බව පැහැදිලිවමකිව යුතුයි.
  • ඇමරිකන්ඩොලර්මිලියන200 ට වඩා ආයෝජනය කරන (ඉඩම් හැර) ආයෝජකයන් දිරි ගැන්වීමට එම ව්‍යාපාර ආරම්භ කර ක්‍රියාත්මක කරන කාල සීමාව තුළ (Project Implementation Period) ආනයනය කරනු ලබන යන්ත්‍ර සූත්‍ර සහ අනිකුත් ද්‍රව්‍ය සදහා වරාය හා ගුවන්තොටුපල සංවර්ධන බදු (PAL) නිදහස් කිරීමට කටයුතු කරමි.
  • ශ්‍රී ලංකාවට වාහන ගෙන්වීමේදී රජයට ගෙවිය යුතු බදු මුදල් නිසි පරිදි නොගෙවන බවට අනාවරණය වීමෙන් පසුව, එතෙක් වාහන සඳහා බදු අයකිරීමේ පදනම ලෙසයොදා ගත් CIF අගය මත බදු අයකිරීම (මිල, රක්ෂණ, ගැල් කුලී මත) වෙනස්කර වාහනයේ ඇන්ජින් ධාරිතාවය පදනම් කරගෙන බදු අයකිරීමට යෝජනා කරන ලදි.  2018 වර්ෂයේ අයවැය මගින් මෙසේ බදු අයකිරීමේ පදනම වෙනස් කිරීම හේතුවෙන් වාහනවල අගය අඩුකර දැක්වීමට (Undervalue) ඇති අවස්ථාවන් මඟහැරී යනු ඇත.
  • වාහන සඳහා බදු අයකර ගැනීමේ පදනම වෙනස් කිරීමත් සමඟම, විශ්‍රාම ගන්නා අවස්ථාවේදී, සුදුසුකම් ලබන රාජ්‍ය නිළධාරීන්ට ලබාදෙන සහනදායී පදනම මත වාහන ආනයනය කිරීමේ බලපත්‍රයට හිමිකම් ලබන රජයේ නිලධාරීන් විසින් ඔවුනට යම් අසාධාරණයක් වූ බවත්, ඒ සඳහා යම් සහනයක් සලසා දෙන ලෙසත් කරන ලද ඉල්ලීම් සැලකිල්ලට ගෙන, එම නිලධාරීන්ට යම් සහනයක් සලසා දීමට කටයුතු කරමි.

ගරු සභාපතිතුමනි‍,

  • අයවැය විවාදයේදී අදහස් දැක්වූ අතිගරු ජනාධිපතිතුමාටත්, ගරු අග්‍රාමාත්‍යතුමාටත්, මැති ඇමතිවරුන්ටත්, පාර්ලිමේන්තු මන්ත්‍රීවරුන්ටත් මගේ ස්තුතිය පුදකිරීමට කැමත්තෙමි.  එසේම, අයවැය සකස් කිරීමේ සිට මේ දක්වා මා හට සහාය දුන් මගේ රාජ්‍ය අමාත්‍යතුමාටත්, නියෝජ්‍ය අමාත්‍යතුමාටත් මගේ ස්තුතිය පුදකරන අතර,  අයවැය විවාදයේදී සහය දැක්වූ ගරු කථානායකතුමා, පාර්ලිමේන්තු මහලේකම්තුමා ඇතුළු කාර්ය මණ්ඩලය, සියළුම මාධ්‍යවේදීන්, රාජ්‍ය නිලධාරීන් සහ මුදල් හා ජනමාධ්‍ය අමාත්‍යාංශයේ ලේකම්වරයා ඇතුළුඔහුගේ කාර්ය මණ්ඩලයටත් මාගේ ස්තුතිය පුදකරමි.
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Latest comments

  • 9

    Sri Lanka along with Europe will become one of the first countries to implement universal basic income for its citizens…

    Time to get with the times…
    Don’t let our politicians with primitive mindsets hold our nation back any longer…

  • 0

    Minister of Finance is only reading, he does not know what is essence of facts that proposed by the Budget 2018? Thanks to Scripter writer are only IMF’s think-tank!!!
    Country and Nation has gone to uneducated lots that level notion has declined to lowest grade in field of Financial and Monetary order of system which handle by unwise men and women in top of current regime?

    Ranil Wicks is absolute current leader behind regime; who run of irrationals bunch of UNPs of that Old leader of UNP Ranil Wicks and New UNP leader of MS and CBK of Tamil Feudal federalist in terms of political Democracy !

    Citizen voice is from reached to Ruler in Political-Power. Voice of Majority is hand of corrupted UNP politics . Helping that high -hands by TNA, JVP and CBK federal SLFP’s?

    All voice has been suppressed by velocity of Rupees or US $ Dollars playing bigger role than “democracy” that is under the umbrella power of state by Police and Judiciary authoritative rules..

    Are they fit run that ours an Island nation of Sri Lankan in 21st Century?

    • 0

      This is the continuation of the mess started in 1977 in the name of Open Economy. It was open to the foreigners and the local manipulators.The result is that this country had become one where the income earners at the bottom cannot survive, violent crime had become the order of the day, drugs galore, student rape common.

      They talk about an export base economy, after destroying one of the high potential exports we had _ COCONUT ARRACK. Scotland, France, Portugal, Spain, Mexico all consider their products highly exportable, our fools – this time with MS and his cabal leading – is killing the industry.There should be a comprehensive plan to bolster the export of all palm based arracks, Coconut Palmyrah and Kitul. These back lickers of the foreigners will never do it.

      After the 2015 budget some DSecretaries ordered paddy land owners and farmers not to cultivate paddy.Our, so called brilliant Prime Minister now says that 200,000 tons of rice is to be imported.This is a continuation of the damage done by JRJ’s govt.All the warehouses that were there to store paddy were sold to their friends.

      What a country, what leaders.

      Do not they realize that they are living on a powder Keg.The keg will burst the day the country breaks into two- physically along a line from Trincomalee to Colombo?

      • 0

        The keg will never blow up until the people wake up to the reality and demand high acceptable standards for them selves and from the politicians. They sadly deserve what they so.

  • 0

    Sri lanka is bankrupt. They increased the debt limit of Sri lanka by changing the appropriation act while this Budget Melodrama was a side show. Some say the budget was passed wth a two third majority which means, Politicians cheaters are continuing their fraud. All the JAckal oppostion hyenas, UNP central bank cheaters are blindsiding the voters.

  • 0

    UNp govt modified the EXchange control act and thereby, they retroactively made the Money Launderer RAvi acquitted from his Money laundering court case which is set aside but not thrown out.

  • 0

    damn Budget, the land prices in and around Colombo is hitting the sky.This had been happening since 1977. The JRJ’s govt converted the Low Lying Reclamation Board to Coconut Estate fragmenting board.

    They destroyed all the sources of village income Now Mangala talks about exports and encouraging local enterpreunership – my foot.

    • 0

      Land prices are going up in every city world and in a country like SL it hits the people more when the local currency being devalued.

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