Former President Ranil Wickremesinghe The Government is no longer following the economic recovery and growth strategy initiated by former President Ranil Wickremesinghe in 2022, United National Party (UNP) Working Committee Member Dinouk Colombage said. In a statement issued yes…
Former President Ranil Wickremesinghe
The Government is no longer following the economic recovery and growth strategy initiated by former President Ranil Wickremesinghe in 2022, United National Party (UNP) Working Committee Member Dinouk Colombage said. In a statement issued yesterday, Colombage said that while the National People’s Power (NPP) Government initially continued to implement the stabilisation plan that had been started by the former President, they have failed to ensure it goes hand-in-hand with the growth plan. “Central to the growth plan was ensuring that the value of rupee appreciated and inflation was kept below 3%. This is not being done. Since assuming office, the NPP Government has seen the rupee continue to depreciate, while inflation has gone well above 6%. They have further failed to introduce any sort of growth plan into the economy, the International Monetary Fund (IMF) program has become a standalone program which is solely focused on stabilisation. “The question that the Government must answer is how can we ensure we are financially prepared to repay the debt while ensuring levels of poverty are reduced and income levels of the public are increased,” Colombage stated.