Updated Consumer Affairs Minister Bandula Gunewardene said the government could not subsidize all imported goods, such as milk power, fuel and fertilizer because there was no money to do so.
Milk powder importers have requested to increase the price of a 400gram pack to 270 rupees as a drought in Australia pushed global prices up.
Sloganomics
Reporters then taunted the minister saying the current administration had come to power on the back of claims that a government was useless unless it could control the price of imported commodities.
"They are political slogans," he said to the accompaniment of derisive laughter from reporters.
Gunawardene was at one time a deputy finance minister of a government that brought inflation down to low single digits with frugal fiscal policies.
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