Minister: Misleading Statistics

Senior Minister for International Economic Affairs Dr. Sarath Amunugama says that statistics of unemployed women do not reflect the proper situation in the country.

Dr. Amunugama addressing the launch of the Human Development Report 2010 said there were women in Sri Lanka working in the agriculture and paddy cultivation sector and they most often go unaccounted for.

He said that Sri Lankan women working in the plantation and garment sectors and as house maids in foreign countries contribute immensely to the economy but they are not given enough credit.

Dr. Amunugama therefore called for qualitative statistics to replace the quantitative ones in order to give the true picture in relation to women and employment.

2 Comments for “Minister: Misleading Statistics”

  1. Ian D.S

    Why not tell this to that spin doctor at the Central bank that King of Lies, more lies and statistics.The bottom line of the economy of this country is that we have been borrowing over and over again short term loans at market rates, most often borrowing in order to repay a previous loan that has fallen due and the cycle keeps continuing. The cut off point for the crunch is almost upon us when we will be unable to pay even the interest components on these loans.
    Lets face facts: EVEN IF EVERY INDIVIDUAL IN THIS COUNTRY IS TAXED 100% OF HIS INCOME IT IS NOT SUFFICIENT TO PAY EVEN THE TOTAL INTEREST COMPONENT OF OUR DEBT.
    Options remaining to the government are very simple.
    1. Reduce or do away with subsidies (Under implementation)
    2. Gradually reduce allocations for free healthcare and education (Implemented, Check this years budgetary allocations for these)
    3. Use monies in funds under government control such as EPF and ETF
    (Already being done under the guise of INVESTING in stock market)
    4. Sell off government assets such as unutilized lands, and other assets.
    (Under implementation, Colombo Commercial Land, Kalpitiya Islands etc)
    5. Sell off rights of mineral exploration off our seas to foreign companies.
    (Done. Mannar Basin Oil Blocks, Kahatagaha Mines etc.)
    The above options will avoid a Zimbabwe type Hyperinflation scenario on the short term and then WHAT. When retired people go to withdraw their EPF funds and find no money there imagine the Chaos.
    Solution: Militarize, give more funding and equipment to the Army and increase their salaries and keep them happy as you will need them in future to protect the government.(Sounds familiar and frightening dosen’t it?)

  2. P.L.J.B.Palipana

    Thanks lot Ian D.S. I use your comment as a learning material.

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