It is reported that Mr. Sagala Ratnayake, Senior Advisor to the President, has said that it is not possible to further reduce the current price of goods.
He has also mentioned that since the strengthening of the rupee is happening very slowly, steps should be taken now to increase the income of the people.
“We have reached the lowest price we can bring. Some things increase less like vegetables. But in terms of foreign exchange, the price of goods has reached the lowest point. Because the rupee is getting stronger very slowly. What we have to do is to increase the income. Otherwise, we have to generate income to match the tripled price of goods. This year, the income of government employees will increase by Rs 10,000. However, this is not even enough to cover the increased price of goods. But he gave the amount that the government can afford this year. The next challenge is to increase the revenue.”
Mr. Sagala Ratnayake has further said that the economy is gradually strengthening due to the program implemented by the government.