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Presidential Corruption

On elections and corruption, an anti-corruption lawyer said that the President inviting various groups to his official residence and allegedly treating them at public expense was a form of corruption.
Transparency International Sri Lanka (T.I.S.L.) Executive Director J.C. Weliamuna delivering the Kanchana Abhayapala Memorial Lecture on Monday said that the poorest of the poor in this country pay 40% of their income in the form of indirect taxes.
And those entertained by the President at his official residence are those who can afford to buy a meal, he alleged.
They constitute lawyers, public servants, journalists and the clergy, alleged Weliamuna.
Those moneys could otherwise have had been diverted to uplift Samurdhi beneficiaries, malnourished schoolchildren and thousands of cancer patients, Weliamuna further said.

2% g.d.p. Lost To Corruption

The country loses 2-3% of its g.d.p. due to corruption in the paddy sector, it’s alleged.
The sector is controlled by nine millers, two of whom have political connections, an informed source told The Sunday Leader.
Corruption stems from the manipulation of paddy prices, as a result of which the farmer does not get an equitable return for his harvest, he said.
Meanwhile a study done by the Ceylon Chamber of Commerce in 2001/02 had revealed that corruption in the fishery sector shaved off 2% of the country’s g.d.p. at that time.
Corruption in the fishery sector then, stemmed largely from a politico who had interest in the sector and who ruled it as it were his own private property during that period, the source added.

On target

The country may end the year with a budget deficit equivalent to 7.5% + of g.d.p., an economist said.
One of I.M.F.’s conditionalities for aid disbursement is that the budget deficit should be maintained at 7% of g.d.p. this year.
A.D.B. country Director Dr.Richard Vokes speaking to reporters on Monday however, said that I.M.F. conditions give leverage for such increased deficit spending, in the event those are related to northern development works.
The country has already got two of the eight equal tranches from the I.M.F.’s original U.S.$ 2.6 billion standby arrangement to the island, with the third to be disbursed after the Fund assesses the country’s 4th quarter performance.
The last disbursed tranche from the I.M.F., after the economy passed the I.M.F.’s third quarter performance test, was in November.
I.M.F. Resident Representative Dr. Koshy Mathai was not immediately available for comment.

$ 300m aid programmes

Sixty per cent of A.D.B. funding will be directed to the North and East (N.E.).
A. D.B. Country Director Dr. Richard Vokes told reporters on Monday that the Bank has earmarked $ 330 million for projects this year, covering transport, energy and water supply.
He said that additionally, there are 30 ongoing A.D.B. projects.
Among those are the Colombo Port expansion Project and the Southern Transport Project.
Next year, the Bank targets a U.S.$ 350 million lending portfolio to the country, covering the power sector, fiscal management, “northern provincial road network,” Jaffna water supply and sanitation and the North East Community Restoration and Development Project.
Further, a sum of U.S.$ 150 million as emergency assistance is also in the pipeline, mainly targeting the N.E. and possibly encompassing Mullaitivu and Kilinochchi, said Vokes.
Project milestones include increasing electrification from 82% to 98% by 2016 and reducing transmission losses from 16.7% to 12% during the period.
And in 2012, A.D.B. plans to lend $ 304 million covering the education sector and once more the power and fiscal management sectors and multi modal transport.
Further, technical assistance grants running into several million dollars are also in the pipeline.
Last year, the A.D.B. disbursed $ 250 million worth of aid and this year, $ 245 million.

6 Comments for “Presidential Corruption”

  1. HE ALLREADY PROVED THAT HE IS NOT FIT TO BE A PRESIDENT.THESE ARE ANOTHER BRIBE GIVINGS FROM THE PEOPLES MONEY FOR SELFISH REASONS.

    • chrisantha

      ha ha ha sam then you are the one fit for the post? oh yes it’s correct to be in the incharge of those toilets and garbage at temple trees and president’s house ha ha first of all don’t insult perera’s and see what you have got in your eye -it’s a so called pol parale- then try to clean others eyes’ dust!!! ok hope you will read this and respond or pls clean your own toilet before you clean those public toilets. seems to be another gunamakuwa ha ha jealousy is natural but showing it off???

      • Deshadrohiya

        Seems Chrisantha got a royal meal from the king. Dont try to live legands while you being a peasent. There is nothing as being grateful for winning the war and close yourself so they can do anything just because they won the war. If they won it they won it from peoples money and innocent youth blood and sweat. Will you let then to have your property as a gratitude for winning the war. If you do so we have no problem at all but they cant play around with our tax money.

  2. Randy Mathew

    THIS ROGUE TRIED TO POCKET THE TSUNAMI AID WAY BACK IN 2005 (REMEMBER HELPING HAMBANTOTA FUND ?) IT IS NO SECRET THAT HE & HIS CLAN CONTINUE TO STEAL FROM THE TAXPAYERS MONEY. THIS IS WHAT HAPPENS WHEN ONE ELECTS A BUNCH OF VILLAGE GODAYA THUGS TO POWER. SL HAS HAD ENOUGH OF THIS SELF-SERVING, CORRUPT AND ARROGANT THUGS WHO HAVE THE NERVE TO CALL THEMSELVES TRUE BUDDHISTS.

  3. RASNA

    Serving the country
    Armed with victory
    Running into history
    Always had a theory
    Telling the true story
    Hero save democracy

    Famed as a true leader
    Organiser of high calibre
    Noble officer
    Service he can offer
    Every citizen’s defender
    Kings will suffer
    Another nation’s saviour
    RASNA
    I THINK THIS SUMS IT UP.

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