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    Be financially careful – Minister Ranawaka

    December 16, 2016

    Minister of  Megapolis and  Western  Development  Patali Champika Ranawaka warned that we will have to be financially careful  as USA has increased its interest rates yesterday.

     Minister made these comments after providing electricity to the 100 foot road to the trading complex in pettah. During the last two months we had to pay interest using the savings we had. The rupee was devalued since the treasury in USA increased its rates.

     

    The oil prices too shot up from $ 45 to 57 as OPEC decided to limit the oil output. Both these played a pivotal role in devaluing the rupee. We will face a difficult financial situation in the future and therefore the ministries will have to act with responsibility said the minister. 

    Last modified on Friday, 16 December 2016 10:45

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