Sri Lanka new regime in shock parliamentary defeat over borrowing powers

Sriranga wrote:

In Sri Lanka the defeat of a finance bill leads to the resignation of an administration.

smallville wrote:

Sriranga wrote:

In Sri Lanka the defeat of a finance bill leads to the resignation of an administration.

Good thing if happens.. I'm tired of this moda-chun RA-VI.

Sriranga wrote:COLOMBO (EconomyNext) – Sri Lanka's United National Party led minority administration suffered a shock defeat over a motion asking parliament nod to borrow more money through the sale of short term debt.

smallville wrote:

Sriranga wrote:

In Sri Lanka the defeat of a finance bill leads to the resignation of an administration.

Good thing if happens.. I'm tired of this moda-chun RA-VI.

sashimaal wrote:භාණ්ඩාගාර බිල්පත් හරහා ලබා ගත හැකි ණය සීමාව රුපියල් මිලියන 400 කින් ඉහළ දැමීම සඳහා අද පාර්ලිමේන්තුවට ඉදිරිපත් වූ පනත් කෙටුම්පත පරාජයට පත්ව තිබේ.

විවාදය අවසානයේ පැවති ඡන්ද විමසීමේදී ඊට පක්ෂව ඡන්ද 31ක් හිමි වූ අතර විපක්ෂව ප්‍රකාශ වූ ඡන්ද සංඛ්‍යාව 51කි.

http://newsfirst.lk/sinhala/2015/04/just-in-

poor boy wrote:Ranil's strength is only 31 votes. that is the reality.

RPPA wrote:

sashimaal wrote:භාණ්ඩාගාර බිල්පත් හරහා ලබා ගත හැකි ණය සීමාව රුපියල් මිලියන 400 කින් ඉහළ දැමීම සඳහා අද පාර්ලිමේන්තුවට ඉදිරිපත් වූ පනත් කෙටුම්පත පරාජයට පත්ව තිබේ.

විවාදය අවසානයේ පැවති ඡන්ද විමසීමේදී ඊට පක්ෂව ඡන්ද 31ක් හිමි වූ අතර විපක්ෂව ප්‍රකාශ වූ ඡන්ද සංඛ්‍යාව 51කි.

http://newsfirst.lk/sinhala/2015/04/just-in-

There will be some great fun in the Bond market tomorrow.

This is a poor decision by UNP to go for a voting, when the president is not in the country. May be UNP has done this purposely to convince the President to go for a General Election as early as possible.

I am very disappointed of FM & the rest that these people are taking these kinds of policy decisions with out any fundamental backing. Therefor I can clearly say that these guys don't care about the financial impact to the markets & they only look at their narrow political agendas.

Unfortunately the so called opposition though they have voted against, don't have any understanding why they have taken that decision as most of them are not capable enough to understand the gravity of it.Because this 400Bn worth of Bills will not be issued at once & 400Bn is not only for salary payments & what ever said & done if there are settlements to be made it has to be done. So these all decisions are political decisions.

WasteofTime wrote:Now 51 patriotic must declare that they do not take any salary or privileges to reduce our borrowing in future.

stockback wrote:what do you(RPPA) think about T-Bil Rates tomorrow ?

I think it will be fall. bcz officially demand is 21Billions maximum in near future.

please explain bit more. with T-Bill rates

RPPA wrote:

stockback wrote:what do you(RPPA) think about T-Bil Rates tomorrow ?

I think it will be fall. bcz officially demand is 21Billions maximum in near future.

please explain bit more. with T-Bill rates

Surely the secondary market rates will appreciate.I'll post an update during the day.

When someone desperately need money the lenders will demand.

But the Bill Auction is tricky for me as Government can ask EPF, ETF & Other Government banks to quote low. Therefore the auction can be managed. But I doubt how much of money available with those institutions after subscribing for series of Bill & Bond auctions.