Tuesday, 06 May 2025
No-confidence motion again against Ravi!

No-confidence motion again against Ravi! Featured

The joint opposition will move a no-confidence motion against finance minister Ravi Karunanayake today (08), MP Udaya Gammanpila told Sri Lanka Mirror.

MP Bandula Gunawardena is in charge of the task, he said, adding that the motion pertains to a cabinet decision to present a mini-budget, less than three months after presenting 2016 budget.

The decision was taken at last week’s special cabinet meeting.

The joint opposition alleges the income tax, NBT and the capital gains tax were being increased, while foreign reserves affected due to the depreciation of the rupee and Sri Lanka’s credit rating has been downgraded.

It accuses Karunanayake of giving permission for several secret investments and obtained credit at high interest.

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