Candidates' Representatives Debate Sri Lanka's Economic Future

COLOMBO (News 1st); A decisive forum on Sri Lanka's economic future, titled "The Debate," took place in Colombo, organized by the Ceylon Chamber of Commerce. Representatives of key presidential candidates presented their economic visions and strategies.

State Minister Shehan Semasinghe emphasized a systematic approach to economic control, highlighting the importance of a market-driven economy to reduce prices and boost confidence. He stressed the need to support poor and vulnerable communities, stating, "We are on the right path, and the economy is strengthening daily. It is up to the people of Sri Lanka to decide whether we take this growth forward."

Dr. Harsha De Silva advocated for a social market economy, combining economic freedom with social justice. He emphasized responsible governance and proposed adjustments to corporate income tax for exporters to remove anti-trade biases. "We will incentivize tradable export growth to lift Sri Lanka out of the crisis by generating high growth," he said, focusing on unshackling markets and increasing productivity through digitalization.

Professor Ranjith Bandara presented a policy framework based on the essence of Mahinda Chintana, revised to address current issues and future prospects. He highlighted the importance of expanding economic, political, cultural, and religious freedoms. "This policy framework is meant to address immediate issues and take Sri Lanka to the next level," he stated, emphasizing achievable, outcome-oriented policies.

Dr. Harshana Suriyapperuma called for a cultural change where state officials stand up for their beliefs rather than being subservient to politicians. He criticized failed policies and stressed the need to connect businesses and individuals to global value chains. "We will deliver social equity and inclusion while allowing businesses to thrive," he asserted.

The forum highlighted diverse economic strategies and visions, reflecting the candidates' differing approaches to addressing Sri Lanka's economic challenges and future growth.