Thursday June 27, 2019

Sri Lanka oligarchs yearn for a dictatorship: FinMin

Mar 05, 2019 14:23 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT- Crony capitalist oligarchs who have victimised 21 million Sri Lankans with protectionist tariffs are waiting for the return of a dictatorship, Finance Minister Mangala Samaraweera said.

"The oligarchs yearn for the return of a dictatorship," he said, delivering the 2019 budget in parliament.

"In fact, some were recently calling for a Hitler," Samaraweera said.

He said crony capitalist oligarchs had become powerful through protectionist tariffs, which have victimised 21 million Sri Lankans with high prices for goods and services.

"Sri Lanka needs a private sector free from the protectionist mind set," Samaraweera said.

He said the oligarchs are of a by-gone era, and the government will support private entrepreneurs who value competing in global markets in a rules-based system.

“By private enterprise, we mean the genuine entrepeneur who uses ingenuity to compete in a fair market – the small and mid size businesses that embody the spirit of Sri Lankan trade and commerce.” (COLOMBO, March 05, 2019-SB)


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