The United National Party (UNP) has been
transparent and consistent in its approach to peace. The
President and the government can be assured of the unstinted
support of the UNP. There may be ideological differences among
the constituent partners of the government, which they must
solve. said Deputy Leader of the UNP Karu Jayasuriya at a media
briefing held yesterday.
He said two major problems face the country.
The first is a reported attempt to use the 2004
electoral register for the local government elections in March
this year. It was used for the Presidential election in November
2005 and was found to be faulty. The UNP requests the President
to postpone the local government elections by 90 days, till June
06 so that the updated electoral register could be used instead.
The UNP would remind the President that
consensus had been established between the main opposition party
and the government. Does the President want to continue with
this situation or negate it by continuing with the 2004
electoral register. The UNP will resort to legal action , this
week, to prevent the use of the 2004 register, he added.
The government has got into a serious problem by
way of putting the country into a huge foreign currency debt,
said UNP Parliamentarian Bandula Gunawardhane. In addition to
borrowing US $ 100 million through the Bank of Ceylon, it has
borrowed funds on commercial terms at LIBOR + 1.62, 1.72 and
1.85 on three occasions, totalling US $ 250 million. A senior
official of the Treasury has stated that the government is
considering borrowing US one billion, the highest ever loan
obtained for the country, on commercial terms.
How are these loans to be paid back? They cannot
be serviced other than through taxes levied from the people, and
a high inflationary situation. There is no doubt that the
interest and the exchange rates will further increase to the
level of Rupees. 108 per US dollar, Gunawardane concluded.