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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Contradicting voices

Contradicting voices

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1Contradicting voices  Empty Contradicting voices Fri Dec 07, 2012 7:02 am

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Speaking for the administration in Sri Lanka

Dec 07, 2012 (LBO) - The middle page of the December 5th, 2012 Lankadeepa, the newspaper with the highest readership in Sri Lanka, carried a long interview with the Senior Minister for International Monetary Cooperation and the Deputy Minister of Finance and Planning Dr Sarath Amunugama, where, among many important statements, he said the following (my translation into English):

1.3 million people have been given government jobs. There are 5-6 lakhs of pensioners. One out of five persons is working for the government. This situation is not found anywhere in the world. This cannot be sustained. The only solution is to develop the private sector. Government cannot continue like this even if people stand on their heads and say so. All countries that have tried this path have gone bankrupt. Paying people a pittance to work in government will result in a collapse of the system. We can never progress in this manner.

Now, contrast this with what the President, in his capacity as Minister of Finance and Planning, stated just last month in what is perhaps the most authoritative statement of economic policy, the 2013 Budget Speech (at http://www.treasury.gov.lk/depts/fpd/budgetspeech/2013/budgetSpeech2013-eng.pdf):

"The freeze on recruitment to the public service was removed and recruitment commenced. Since 2006 nearly 91,000 unemployed graduates have been recruited to the public service and a new Services Minute to institutionalize the Development Officers Service was created to secure their career prospects. . . . . . . . . . . . .

The Government now engages 1,300,000 public servants. This is twice the size in 2005.The engagement of such a large number of people is done by spending Rs. 366 billion for wages alone. This was Rs. 139 billion in 2005. In addition Rs.112 billion is spent for the payment of pension to retired public servants of around 500,000."

The numbers match. But the tone is different. The Minister is bragging about what Deputy Minister considers a problem.

It would be good if the administration spoke in one voice. Is the administration planning to “continue like this”? Or is the Deputy Minister’s statement the beginning of change?

Rohan Samarajiva heads LirneAsia, a regional think tank. He was also a former telecoms regulator in Sri Lanka. To read previous columns go to LBOs main navigation panel and click on the 'Choices' category.

http://www.lbo.lk/fullstory.php?nid=1058244741

2Contradicting voices  Empty Re: Contradicting voices Fri Dec 07, 2012 9:00 am

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Wiki..........These people just implement what the head man wants.Even though the personal voice is contradictory the keep their mouths shut........... Any way still there is no specific view in respect to Which economic policy a country need to adopt.

Capitalism or the socialism. Most accepted way is the mixed economy but after the collapse of US financial sector in 2006 debate starts to continues. US also accepted a tight controls is required from gov. side with a good competition.

New theories will begun like " New public management " and so on.

My personal view is that Current Gov. wants more and more votes to sustain the 2/3 at the parliament. That is the main agenda. i may be wrong.

Gov. Undertook certain assets including Sri lanka insurance, Sugar companies By spending billions. ( Some are unpaid yet ). By all means these are good moves, those companies are brilliant assets sold at low prices to influential parties.

Even though Gov. wants to reduce the No. they will not communicate like the previous Gov. did in 2001-2003 period. It directly effect to the Vote base............U need to protect the power first.....................Marketing plan follows the production plane. affraid

3Contradicting voices  Empty Re: Contradicting voices Fri Dec 07, 2012 1:08 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Scary figures.!
However Sri lanka a land full of natural resources such oil, coal, gold, titanium etc etc. So should NOT be any issue to pay off these wages. clown

Agree with Amal
Sri Lanka does not exist unless remittance

4Contradicting voices  Empty Re: Contradicting voices Fri Dec 07, 2012 1:17 pm

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@UKboy wrote: Sri Lanka does not exist unless remittance
Embarassed

5Contradicting voices  Empty Re: Contradicting voices Fri Dec 07, 2012 3:07 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
දැනට අලුතෙන් බඳවා ඇති අය කාර්යාල වල ඔහේ බලාගෙන ඉන්නවා. එක්තරා දෙපාර්තමේන්තුවකට මම ඊයේ ගිය . නැටුම් උපාධිය තියෙන ළමයි ටයිප් කරනවා. External affairs special කරපු ළමයෙක් දෙපාර්තමේන්තු වාහන වලට ගහපු ඩිසල් ප්‍රමාණය දිනපතා එක්සෙල් වල Data entry කරනවා. සංගීතය කරපු දරුවෙක් ට්‍රැවලින් ක්ලෙම් චෙක් කරනවා.

මෙහි දරුණුම තත්වය ඇතිවෙන්නේ මෙලෙස තොග පිටින් බඳවාගත් අය විශ්‍රාම ගන්න වයසට පැමිණිවිට. වැඩි දෙනෙක් පෙන්ෂන් ගිහිල්ල බෙහෙත් බිබී වයස 80 -85 වෙනකම් වත් ජිවත් වෙනවා .
මිලියන් ගානක් මිනිසුන්ට විශ්‍රාම වැටුප් ගෙවන්න අවශ්‍ය මුල්‍ය ශක්තිය ඇතිකරගන්න රටේ වැඩ කරන්න ඒ වෙනකොට ඉන්නේ ලක්ෂ කිහිපයයි.

6Contradicting voices  Empty Re: Contradicting voices Fri Dec 07, 2012 3:25 pm

K.Haputantri

K.Haputantri
Co-Admin
No minister is dared to talk against the declared Govt., policy with-out tacit approval from the "Director" of this Drama.

I guess that even though they appear to be contradictory claims it signals a trend reversal pattern.

It appears that they have now realized the mistake they did and are trying to gradually reduce Govt., sector. This man was appointed as Deputy Fin. Min. for this purpose, just to prepare the ground for reversal.

මිනිහා ලව්වා මුට්ටිය දාලා බලනවා මොනවද සහෝදරයෝ කියන්නේ කියලා. ඒක එහෙම නම් සුබ ලකුණක්.

7Contradicting voices  Empty Re: Contradicting voices Fri Dec 07, 2012 3:56 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I strongly believe we have to take drastic actions to introduce new degree courses in government Unis. Sadly most of our degrees do not compatible with modern day needs in private sector & also to fulfil demands aboard.
We are producing far too many Art degree holders. Feel sorry for them in a way. They have no option but mainly waiting for a government sector job.

Sometimes I feel that this could be a cunning plan of all the governments since independence. Rolling Eyes Majority of the Art degree holders come from lower middle class or poor family background. So giving them government sector jobs means potentially at least few votes for that government. It’s a win-win situation (for them but not for the country).

We need more and more young people who can do top end blue collar jobs.

I think government should take some actions to change our higher education system without encouraging young people to wait for government sector jobs.

8Contradicting voices  Empty Re: Contradicting voices Fri Dec 07, 2012 7:07 pm

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@UKboy wrote:I strongly believe we have to take drastic actions to introduce new degree courses in government Unis. Sadly most of our degrees do not compatible with modern day needs in private sector & also to fulfil demands aboard.
We are producing far too many Art degree holders. Feel sorry for them in a way. They have no option but mainly waiting for a government sector job.

Sometimes I feel that this could be a cunning plan of all the governments since independence. Rolling Eyes Majority of the Art degree holders come from lower middle class or poor family background. So giving them government sector jobs means potentially at least few votes for that government. It’s a win-win situation (for them but not for the country).

We need more and more young people who can do top end blue collar jobs.

I think government should take some actions to change our higher education system without encouraging young people to wait for government sector jobs.
I almost agree with you.Nevertheless I do not think this as a cunning plan but as lack of insight,poor planning and inefficiency of policy makers.

9Contradicting voices  Empty Re: Contradicting voices Sun Dec 09, 2012 12:33 am

Tiger

Tiger
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
In the present world money is looking for futile lands of hope, vision, and rule of law. If someone says that a country is poor because of no resources or investment, that is the most foolish statement ever.

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