Sri Lanka should stop 'auctioning non-existent resources' for elections: Pathfinder | Economynext

Sri Lanka should stop 'auctioning non-existent resources' for elections: Pathfinder | Economynext: "There is likely to be further deterioration in the fiscal position without urgent remedial action on both the revenue and expenditure fronts," the report said.

"It is crucial, therefore, that the manifestos of political parties exercise far greater fiscal responsibility in the preparations for the Parliamentary Elections.

"The people of this country should not be misled by ‘giveaways’ which will eventually have to be either eroded through higher inflation or reversed through taxes/administered price increases."

Most Sri Lankans do not understand that they have to pay high rates of interest for housing loans due to political entrepreneurs living beyond its means and borrowing heavily to sustain subsidies, themselves and a bloated state worker cadre.