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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » No static policies hurting SL

No static policies hurting SL

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1No static policies hurting SL Empty No static policies hurting SL Sat Jun 19, 2021 2:41 am

dayandacool

dayandacool
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We were all discussing and expecting of a system change during last 2 years. A change much needed for the betterment of the country. Yet it is sad that such a change is not visible through any process or policies involving the present government.

We witnessed that past government used Mattala airport to store rice, a move seen by many intellectuals as petty political revenge. To justify the decision, the then government claimed that it wasn't generating income and was considered a white elephant. What our leaders fail to understand is, whether the certain projects fail to generate the expected income or not, they were all being built from public funds, the loans that every single citizen has to pay. Another typical example is the lease of Hambantota port. That paved a way for ever growing Chinese presence in the country which lead to Indian intervention seeking the Colombo East terminal and governments present and past were willing to sacrifice the terminal as a balancing act. Luckily, government had to succumb to the pressure exerted by public as well as the workers unions in tandem.  

Same situation we arrived with the Cancellation of the Monorail project initiated by the last government. Present government claims that the project is useless taking petty political revenge on previous government. On top of that, now the Japanese firm is claiming Rs 5.8 Bn  in compensation for cancelling the project. (https://economynext.com/japan-firm-claims-damages-of-rs5-8bn-from-sri-lanka-after-lrt-deal-scrapped-83126/)

Can we as a struggling nation afford this sort of a waste and utter disregard of public funds specially at a time where country lacks foreign reserves and with an ever widening trade deficit?

Coming to a different topic, Last government spent millions in collecting suggestions and proposals for drafting a new constitution which never materialized due to the internal conflicts during the last regime. Now the present government has thrown away the suggestions and proposals of the previous committee and formed a new one to gather new proposals even though the main stake holders are the same barring few influential characters. These committees costs millions of public funds and not to mention the waste of time.

One characteristic we could observe when looking at developed countries is that their Key policies hardly change. They are static and firm policies. Which ever party comes to power, these key policies don't change. Only thing that changes is the approach and the implementation of such policies unlike in our case, all the things done by the past government including good and the bad is thrown away by the government that is newly elected.

 In such a scenario, some may argue that it is not at all funny when 2 main political parties which governed the country for the past 7 decades still seeking public trust that they will do better the next time. The next time that never came in last several decades!!!

nigma, J-CAT, madukp, RJ1010, Mr. X and Bakkabwoi like this post

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