UPFA Parliamentarian Bandula Gunawardena has criticized the maiden budget of the new government and presented by Finance Minister Ravi Karunanayake is a gimmick and based on mere speculation.
He said: ‘The objective of the Budget is towards a market economy. It has opened major resources towards this without state intervention and restrictions. The Budget has opened avenues for foreign investors to acquire land without paying tax. When laws are imposed in the future, labour laws and the security of workers will be restricted while the capital market will flow. This would provide the opportunity for the free flow of foreign capital.
The government hopes to attract more foreign investors to increase production and income, while generating new employment opportunities. The Budget is based on speculation. To me the Budget is a gimmick and has failed to fulfill any of the pledges given last year.’