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| Saturday, 3 August 2002 |
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Politics | |
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| No change in prices after VAT says PA by Ranil Wijayapala PA spokesman parliamentarian Dr. Sarath Amunugama said yesterday that prices of essential items have increased following the Government's implementation of the Value Added Tax (VAT). Speaking at a media briefing yesterday he said that essential items such as sugar, dhall, onions and chilies have gone up in price since these have not been exempted from VAT. He said the Government had bulldozed the VAT Bill in Parliament without giving the Opposition the chance to propose amendments to the Bill. "Shell company has already raised the gas prices by Rs. 14 and the LAUGFS has also informed the Treasury regarding the increase of gas prices", he said. The Government has shown its inability in economic management as they could not bring down the cost of living. The common masses of the country are beginning to feel the difference between the PA and the UNP rule. He said inflation has also risen to double digit figures (11 per cent). He said the Treasury has informed that they will have to cut down Rs. 800 million expected revenue from the VAT as the Government has failed to implement its original tax system. He added that the Government is seeking to obtain loans from overseas commercial banks at exorbitant interest rates. Dr. Amunugama also said that security of the country has also been come down to a situation which prevailed during the late 1980s. "We have information about 18 personnel who are being trained to curb the JVP", he added. |
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