By Saman Indrajith

Sri Lankans were a disappointed lot each time Parliament was convened, Tamil National Alliance (TNA) MP, MA Sumanthiran said on Wednesday in Parliament.

Sri Lankans had never been so desperate and they were looking to the parliament today for answers to an unprecedented economic crisis, Sumanthiran said.

“Each time this parliament meets, people expect there will be some change, some forward movement to resolve this crisis. And the people are disappointed because this is a parliament with two thirds of the voters supporting the government,” he said.

The TNA MP said that the government hadabused the people’s trust and further strengthened the Executive Presidency. The President then went on to violate all the promises he had made to the people and rereading the President’s election manifesto in 2019, the “Vistas of Prosperity and splendor” now induced laughter, Sumanthiran said.

“The one very specific proposal that he made, is at page 36 and 37 in the English version of the manifesto. On page 37, Gotabaya very specifically says “income tax will be reduced, economic service charge and withholding tax will be scrapped. A simple value added tax of 8 % will be introduced, replacing both the current VAT of 15 % and the Nation building tax of 2 %, payee tax will be scrapped and personal income tax will be subject to a ceiling of 15 %. 5-year moratorium will be granted on taxes payable by agriculturist and small and medium enterprises” and so on. Huge tax reliefs announced even in his election manifesto – it was an election promise,” the TNA MP said.

At that time, the finance minister of this country, Mangala Samaraweera, stated that if that proposal was implemented Sri Lanka would become like Lebanon and Venezuela. “Samaraweera’s prediction has come true”, the TNA MP said.

“So, one cannot say that there were no warnings. The Finance Minister of the country at that time said this. The Prime minister now wants to set up a parliamentary budget office. During the last Parliament we had that draft and all of that was set up but it was never presented to Parliament. Recently he asked me for the draft and I have sent it to him, and hope that will be done. One of the tasks of the Parliamentary budget office is that, when due for an election somebody makes a promise – an election promise – the Parliamentary budget office will have to immediately calculate the impact of that promise and publish a report saying, this is how it will impact the economy,” he said.

The tax cuts implemented in December 2019 and were the major reason why Sri Lanka was in the current predicament today, Sumanthiran said. It was only after the tax cuts that Sri Lanka’s ratings started falling, and the Central Bank gave confidential reports to caution the government that Sri Lanka would not be able to borrow anymore, the TNA MP said.

“We were shut out of International Financial markets. So, the person who is single handedly responsible for this economic crisis is still the head of government. He is still president, some people are saying, “No. no. don’t look at this Politics – let that be – deal with the economic crisis”… yes of course, to deal with the economic crisis the wrong-doer must be removed. You can’t keep the wrong-doer, the one who is mostly responsible in that chair and deal with the crisis,” he said.

The TNA MP said the President, Prime Minister and Parliament had lost its legitimacy and that there should be an overhaul of the system. However, before that, parliament needed to be dissolved. Sumanthiran said that there should be political stability to resolve the economic crisis, however it was not possible to have stability in a Parliament that had a lot of independent MPs. The Sri Lankan parliamentary system was not geared to deal with a large number of independent MPs, he said.

“Every day of delay in establishing stability costs the country several million dollars. So it must be fixed fast. We are part of a problem, we must say “Yes, we’ll dissolve ourselves”, pass a resolution and request the President to dissolve Parliament. One of the biggest promises given by the President himself in the last address to the Nation was to bring back the 19th amendment. Both the President and the prime minister within the last two weeks have given the country that assurance. But where are you now? You can’t bring back the 19th amendment,” he said.