Namal to scrap state asset sales, introduce investor-backed growth plan

The Presidential Candidate of the Sri Lanka Podujana Peramuna (SLPP), MP Namal Rajapaksa asserts that the authorities must not exclusively look at asset disposals and the imposition of taxes to build up state coffers.

Addressing a gathering, Rajapaksa assured that under his tenure such attitudes would be completely eradicated, and instead, a bearable tax policy will be introduced along with efforts to develop national assets with investor aid.

“Through the implementation of our plan, we will enforce policies to protect local businesses in the country. We will implement policies to safeguard entrepreneurs. The current tax policy has thrust businesses into discomfort”, Rajapaksa said.

“However, under our governance, we will implement a tax policy that the people and businesses can bear. Our policy as such will not result in the reduction of state revenue. Instead of selling off state assets we will ensure that we develop them.”

Furthermore, the SLPP presidential candidate added: “If investors are required, we will take steps to get in touch with such investors. We must not exclusively consider the cheap disposal of state assets and arbitrary taxes to be the only modes of generating state revenue.”