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Last Updated : 2024-05-20 11:07:00
9 May 2024 10:41 am - 14 - {{hitsCtrl.values.hits}}
By Yohan Perera and Ajith Siriwardana
Parliament, May 09 (Daily Mirror)- Sri Lanka is slated to achieve a three percent economic growth while inflation has dropped to 1.5 percent by going along on a challenging and correct path, President Ranil Wickremesinghe told Parliament today.
“The Rupee has been stabilized against the dollar and stands at less than Rs. 300,” he said, making a review of the economy in Parliament.
The President said the debt restructuring process is expected to be completed by the middle of this year.
“The ultimate goal of the restructuring process is to push total debt services down to 95 percent of the GDP and to bring the foreign debt service to 4.5 percent,” he said.
In a special statement in Parliament, the President said he assumed leadership of the country without any conditions, despite being a sole member of Parliament and cited his well-thought-out plan, extensive experience and international relations as the reasons for his confidence in the country's recovery from its challenges.
ama Thursday, 09 May 2024 10:50 AM
INFLATION at 1.5% is a day dream. President - don't you do marketing ?? All these FAT talking is to import vehicle.
Indika Thursday, 09 May 2024 03:03 PM
The current 1.5% inflation rate is a reality, and not a day dream. Pity that many don't understand what the term inflation means. And those talking on public platforms, who should know better, distort it for political narrative. Yes, the current level of inflation is 1.5%, and hence the lending rates have reduced to its current levels.
Mahila Friday, 10 May 2024 05:36 AM
Why, this confusion?? Marketing, when you need to APPLY ECONOMICS!!??
Volker Metzger Thursday, 09 May 2024 01:55 PM
How can you believe a president who has no mandate from the people when, in an election year when his very existence is at stake, he publishes economic data which is contradicted by the daily struggle of the majority of the people and by the continuing low standard of living!!! This president, whom they call a clever "fox" in politics and who clings to power, will use every means and every kind of trickery to win the elections and survive politically!!! But reality speaks against him and he will have to say goodbye to power!!! Sri Lanka deserves better politicians, now everything depends on the people!!!
Ranjith Thursday, 09 May 2024 02:48 PM
Bring down the dollar to Rs.175 and fuel cost 92 Octane to Rs.150 then we will start talking.
Mahila Friday, 10 May 2024 06:03 AM
Are you REAL and knowledgeable on any part of CONTEMPORARY ECONOMICS of Sri Lanka!!?? When did, you have USD valued at SL Rs 175!!?? During CBK's time, and well before the Looters, Bootleggers, Rapists and White Vans took hold of the country!!!?? Circa 2004!!?? Post 2005, the rate started climbing with the famous or Infamous CABAAL CABRAL, experimenting NMT by WDL, Professor, for his PHD THESIS and Overflow of Money Printing!!?? THAT, unfortunately, IS IRRECOVERABLE "Loss of Value", ALLTIME DUE ‘Foolishness’ of THE ‘MASSES’, ELECTING THE UNELECTABLE AND INEPT!? You should have Barked at GR/MR, but none DID, because of White Vans!? NOW TALKING BS!? No end to your DREAMS, with Petrol Prices in KUWAIT - 2002!! Sooner you wake up, it's good for everyone!!?? Mr. Hallucination!!!???
Ranjith Thursday, 09 May 2024 02:50 PM
Srilanka badly need a new leadership to move forward to next century get rid of all these rotten politicians
Mahila Friday, 10 May 2024 05:41 AM
YES, "Good EXPEDITION"!!?? 'KNOWN' TO 'UNKNOWN'!!!???
NO ACTION TALK ONLY Thursday, 09 May 2024 05:06 PM
Lay out your plans to increase exports, tourism and FDIs, then we know you are talking sense and not rupees. Aiyo!! "Biwwa Neda Wada Kaha Sudiya"
Kps Thursday, 09 May 2024 08:26 PM
Did he mention anything about his State Minister Diana?
sach Thursday, 09 May 2024 09:56 PM
In 2016 this guy said that he will make a Sri Lanka with no debt!
Gjfsjjjghjbvnnv Friday, 10 May 2024 08:41 AM
Mr. President, you think we are fools, where are the reforms to the normal people who lives, don't talk cock, the growth for this year should be 0.03 percent
Patcitz Friday, 10 May 2024 03:43 PM
As long as you have MORTGAGED the Island Nation to the US, its commandery hegemony and the IMF, how can you achieve economic growth in Sri Lanka?
Mahila Sunday, 12 May 2024 10:07 AM
NO ACTION TALK ONLY, "Lay out your plans to increase exports, tourism and FDIs, then we know you are talking sense and not rupees." ‘RW PLAN’ IS WORKING, Country s turning around since Mid-2022!!?? No STARVATION or DEPRIVATION of Essentials (SDE) to POOR MASSES!!?? Question, “Why HASN'T THESE INTERESTED Intelligentsia NOT SEEKING PLANS from NPP/SJB - NOVICES IN GOVERNANCE!!!??? People must REALISE, “STATE OF AFFAIRS” - (SDE), was due to, “ILL-INFORMED DECISION” of the ‘SO-CALLED’ “VIYATHMAGA ERUDITE ELITE”, unable to deliver, promised "VISTAS of PROSPERITY and SPLENDOUR"!!?? Disappeared into ‘thin air’, like ICE, in Bright SUNSHINE!!?? Compound, Complicate, people seem forgetting, UNEDUCATED RURAL POOR VOTERS, misguided by equally, INEPT and "ILL-INFORMED RELIGIOUS" Leaders of ALL “sects, shapes, hue and colour”, electing the "UNABLE TO GOVERN" to GOVERN!!??
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