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Tuesday, 6 January 2015 00:41 - - {{hitsCtrl.values.hits}}
One hopes that both sides recognise that full implementation of their manifestos is likely to fuel inflation, generate balance of payment pressure and constrain growth by undermining fiscal discipline. The PF has consistently argued that Sri Lanka currently enjoys the most propitious set of circumstances in 50 years to achieve an accelerated development path. It is difficult to be optimistic that these manifestos will serve to fully realise this potential, if all the promised give-aways are implemented (in the case of the Government one would also need to take into account the measures introduced in the Budget Speech 2015). One could argue that the opportunity to engage the electorate and explain the choices and trade-offs which need to be made to realise the country’s potential has been foregone. At the same time, one needs to recognise that this would involve a significant deviation from the populist political culture of the post-independence era.
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