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| Tuesday, 2 March 2004 |
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Politics | |
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| UNF put country's economy on correct path - Bandula The UNF Government was able to turn the non-profit making government bodies under the PA regime into profit making bodies during its two-year tenure, Rural Economy Minister Bandula Gunawardhana said yesterday. In a press communique issued by the United National Front Media Unit Minister Gunawardhana points out the losses incurred at the Ceylon Petroleum Corporation, the Ceylon Electricity Board, the Corporative Wholesale Establishment, the Railways Department and Postal Department exceeded more than Rs.50 billion during the PA regime. The entire industrial sector was on the verge of collapse as the country experienced nearly six hour power cuts a day. The construction and the tourism industries totally collapsed during the PA regime, the Minister points out. He also points out the Sri Lankan economy was on the decline as a surcharge had to be paid for the Colombo Port. The people have forgotten that farmers had to commit suicide since they were not able to market their harvest for a better price. The UNF Government was able to guide the country's economy on a correct path after creating a peaceful environment in the country. During this period the Sri Lankan rupee appreciated against the US dollar as its value came down from Rs.99 to Rs.94. The amount of foreign debts drastically came down due to the stoppage of war, the Minister points out. During its 26 month tenure, the UNF was able to develop the country which was destroyed during the PA regime. |
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