Sri Lanka, Nov. 12 -- Sri Lanka Podujana Peramuna (SLPP) Operations Chief Johnston Fernando has criticised the current administration over its handling of the economy, alleging that rising living costs and multi-billion-rupee losses at State institutions point to administrative failure.

Speaking to reporters outside the Colombo Fort Court, Fernando described the administration as a "boastful Government that does not understand administration."

He challenged the President's assertions regarding taxation, claiming that contrary to statements that taxes had been reduced or left unchanged, several taxes have actually been raised, placing an additional financial burden on citizens.

Fernando further noted that data from the Central Bank and ...