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Sri Lanka faces perilous economic crisis … Wickrmesinghe cautions

Wickremesinghe

Leader of the United National Party Ranil Wickremesinghe has cautioned that Sri Lanka was facing a perilous economic crisis at present.

He issued this note of caution while addressing a media briefing in Kolonnawa on Thursday, July 9. During his address, Wickremesinghe said:

“The economic crisis that Sri Lanka is currently facing did not surface amidst the COVID-19 pandemic. The present economic crisis began in January 2020, before the arrival of the coronavirus pandemic. Do you remember that after the presidential election in November, they slashed taxes. By December they couldn’t earn revenue through taxes. In January they said that they could not pay the allowances of all state officers. This began in January, I think our export earnings have dropped by 7 or 8 billion dollars.

As the government failed to resolve the decline in export earnings, they chose to reduce imports, which prompted a shortage of raw materials in local industries. These drawbacks are yet to be resolved and the government remains silent.

They don’t have the right to rule. Although the President and the Prime Minister are from one party and one family, the economic problems of this country have not been resolved.

There are only two parties that can rule Sri Lanka; namely, Sri Lanka Podujana Peramuna, which has failed in its duty and the United National Party.”

 

 

 

 

 

 

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