Former President Mahinda Rajapaksa slammed the Budget 2017 Wednesday, saying the government may intend to address the needs of the foreign elements than it focusing on local’s issues.
“This Budget aim to cut taxes for foreigners and motivate them to buy our lands,” Rajapaksa said at a Parliamentary session.
“This is a dangerous portent; the country will be a colony of foreign countries if they release limitless offers for them while discouraging local investors and enterprisers”
Rajapaksa also asserted the cost of living may go up as the government anticipates to mop up 85 per cent as indirect tax from people while increasing income tax from 12 per cent to 28 per cent.
“It has been the policy of the UNP to sell the resources of our country, but it’s unfortunate to witness that some SLFP members are also contributing to that,” Rajapaksa said.
