He said that this government has failed to present a proper budget and therefore only thre god knows as to how the Finance Minister is going to raise the revenue and tackle debt crisis in the country.

Even after 8 months after the passing of the 2016 budget in Parliament no action has been taken to implement its proposals he said.

The Government should first tackle the debt crisis, income disparity and trade deficit and thereafter introduce reforms for state owned enterprises, he added.

Sri Lanka’s balance of payments is in dire straits. The country’s mounting foreign and domestic public debt, a huge fiscal deficit and a severe foreign exchange shortfall have led to potentially calamitous economic circumstances, he disclosed.