As expected by political analysts, Weerawansa confirmed his party would take a hardline stand against the privatisation programme.
quote s going to be a horror budget. That
quote s why government is trying to postpone the budget till local government elections are over
dblquote , he told Lanka Business Online in an interview.
rnrnThe government is expected to introduce a series of economic reforms including public sector rationalisation, labour de-regulation and kick start the sidelined privatisation programme. These reforms are aimed at removing the structural deficiencies in the economy, which prevents higher growth rates.
rnrnThe reforms are also expected to attract significant donor funding, including the IMF
quote s Poverty Reduction Growth Fund facility, which could raise funds up to US$ 500 mn.
rnrnWeerawansa defended JVP
quote s hardstand against economic reforms, citing they have been drawn up to facilitate multinational companies control Sri Lanka.
rnrnldblquote The IMF