Samagi Jana Balawegaya (SJB) MP Patali Champaka Ranawaka said the country should strive to achieve fiscal stability while restructuring loans.
Making a special statement over the economic situation in the country Ranawaka said the government should revisit the tax concession package introduced in 2019 to achieve fiscal stability.
“This move will build the confidence of local and foreign investors and financial institutions with regard to public finance”, he said.
He was of the view that achieving fiscal stability will help avert printing of currency and it will pave for economic stability too. Ranawaka also opined as the government is struggling to repay loans and interest, the country should go for the restructuring of loans. “We should discuss with the lending institutions to restructure the loans to suit the country’s ability to repay them”, he said.
He was of the view that swap agreements with friendly countries will not provide any solution to the financial issues faced by the country.
