President Ranil warns of another economic collapse in five years

President Ranil Wickremesinghe stressed that with the stabilization of the country’s economy; there should be no inclination towards traditional politics. He underscored that the country can only be moved forward through a structured plan.

Hence, the President urged everyone to endorse the government’s program without resorting to criticism. He remarked that while criticizing is effortless, finding solutions is challenging.

Addressing the gathering at the distribution of appointment letters for United National Party (UNP) seat organizers held at Sirikotha party headquarters today (02), he highlighted that no political party currently possesses a viable plan for bringing the country forward. Consequently, he encouraged anyone with such a plan to present it, and if not, to endorse the Economic Transformation Law for the future of the country.

The President remarked that while criticisms come easily, finding solutions is challenging. He emphasized that no one should make hollow statements for political gain, especially during a period when efforts are underway to assume governance and propel the nation forward.

President Ranil Wickremesinghe, adding further commentary, stated,

Four years ago, we entered an election driven by a singular issue: the dire state of our country’s economy. The repercussions of the Budget 2020 tax cuts were clear to us: a loss of revenue, a drain on foreign exchange. We emphasized the urgent need for a USD 03 billion reserve, but our message was met with scepticism. Some of ours departed to establish the SJB, without fully understanding our messages.

While the Janatha Vimukthi Peramuna (JVP) and Sri Lanka Podujana Peramuna (SLPP) mocked and criticized us. The United National Party (UNP) stood alone. However, we did not falter. Our party is committed to truth, no matter how difficult it may be to convey.

If we had found that money together back then, we would not be suffering like this today. Our economy would not be on the verge of collapse. When we faced trouble and sought help from other countries, India came to our aid with only USD 3.5 billion. That was only USD 500 million more than what we initially anticipated. It is no surprise that the value increased after two years. In 2020, it was only USD 03 billion. With that USD 3.5 billion, we managed to keep the economy afloat for one and a half years. If the United National Party had been elected to receive that USD 03 billion in 2020, our country would not be in such dire straits.

There was no food, no fertilizer, no fuel, no factories, and no sources of income. The impact was widespread. That’s when the struggle began, directed against the government of SLPP. However, on May 09, when they reached Galle Face, Opposition Leader and MP Anura Dissanayake were ousted.

Former President Gotabaya Rajapaksa proposed to Mr. Sajith Premadasa to assume the role of Prime Minister after the resignation of Prime Minister Mahinda Rajapaksa. However, he declined the offer. If Mr. R. Premadasa or Mr. J.R. Jayawardena were in charge, this opportunity would not have been missed. That is the essence of the true United National Party.

Janatha Vimukthi Peramuna also faltered. None of them had a viable solution. Their adherence to old politics and deceit left them without answers.

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