Pouring petrol to the country’s galloping inflation

Sri Lanka’s opposition United National Party says the budget has poured petrol to the country’s galloping inflation, and the government may have to push the country to war to distract the people. Sri Lanka’s opposition United National Party says the budget has poured petrol to the country’s galloping inflation, and the government may have to push the country to war to distract the people. “By April next year the full effects of this inflationary budget would be seen,” Bandula Gunewardene, a former Deputy Finance Minister, told the media.

“By then the government will have to go to war to give people an excuse for rising prices.”

Parliamentarian Gunewardene says the government’s ambitious revenue targets would not be reached, and eventually the government would be forced to print money.

But going to war would give the government an excuse to impose defence levy on the people again.

“Though the government claims this is a people friendly budget, it is hurting the poor,” Minister Gunewardene claimed. “We imposed a 15% tax on the stock market profits, the UPFA has made it 0.2%. On the other hand the van that children go to school in now subjected to a massive tax. How can you defend