The coming week will be earth-shaking for the financial and social sectors, warned the leader of United Republican Front (URF) Patali Champika Ranawaka.
He said that one of them is that the government is planning to submit its debt restructuring plan to the cabinet and parliament.
With a fear of impact on the banks and share market, June 30 has been declared a special holiday, he told the media today (26).
With a curtailment of the borrowings, the EPF will be in crisis as it has given its Rs. 3,500 billion of funds to the state and the working class will be adversely affected, he said.
Secondly, writing-off of debt should take place satisfactorily and should follow the benchmarks given by the IMF.
According to him, the government is planning to write off the 6.85 million US dollars of additional borrowings it had made in recent times.
If not done so, the country will lose security from the IMF, World Bank and the ADB, he added.
Ranawaka said his party would give leadership to a struggle to prosecute all those responsible for making the country bankrupt.
