Dinesh Gunawardena Sri Lanka economy Government reports Dinesh Gunawardena Sri Lanka

Parliament committee says government trying to restructure domestic debt

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COLOMBO (News 1st) – It has been reported that the Sri Lankan government had taken a decision to restructure domestic debt.This was revealed in the first-ever report produced by the Sub-Committee in identifying short and medium-term programmes related Economic Stabilization of the National Council.Appointment of the Sub-Committee:The Resolution to constitute the National Council, moved by Dinesh Gunawardena, the Prime Minister was approved by Parliament on 20th of September 2022.According to the above Resolution, the National Council shall have general responsibilities and jurisdiction over three main areas.

One of them is to agree on short and medium-term common minimum programmes in respect of the stabilization of the economy.At the first meeting of the National Council which was held on 29th of September 2022, the Secretary-General of Parliament, presenting the way forward of the Council, suggested to appoint a Sub-Committee to recognize short and mediumterm programmes for the stabilization of the economy.

The members of the SubCommittee were announced as per the preferences indicated by them at the Second meeting of the National Council which was held on 6th of October 2022.The committee is chaired by Patali Champika Ranawaka and includes MPs Naseer Ahamed, Tiran Alles, Sisira Jayakody, Sivanesathurai Santhirakanthan, Wajira Abeywardana,  A.

L. M. Athaullah, Rishad Bathiudeen, Palani Thigambaram, Mano Ganesan, and M. Rameshwaran.Findings on Domestic Debt & Recommendations: The need has arisen to change the legal and undeveloped systems, radically in every sector.

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