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Last Updated : 2024-05-14 00:04:00
12 April 2022 04:58 am - 21 - {{hitsCtrl.values.hits}}
While stating that Sri Lanka’s foreign reserves would dry up further after the Sinhala New Year, former Prime Minister Ranil Wickremesinghe yesterday said what Sri Lanka needs today is not a change of government but a change of systems including vast economic reforms to avoid a revolution.
Speaking during an interview over social media,Wickremesinghe said Sri Lanka's foreign reserves would dry up in a few days after the New Year. “Our foreign reserves will dry up in a few days’ time after the New Year. The economy could be run with the use of Indian credit lines and other assistance only till the first or second week in May. Inflation will continue to rise until August. Inflation is something which is like fever which goes up to maximum before it goes down. Private companies may have to shut down by August this year. Therefore what we need is a plan to revive the economy. We have to revive the economy at least within the next two years. What I propose is new legislation for Parliament to take over the finances. I am preparing a set of reforms for this purpose,” Wickremeisnghe said.
“One should understand the situation which prevails today. People who have been led by the youth want a new beginning and a complete change of the systems. Parliament at the moment is focusing on a change of government. Peaceful protests that are going on at the moment will turn into a revolution if we turn a deaf ear to people’s demands,” he added. (Yohan Perera)
Ranaweera Tuesday, 12 April 2022 05:12 AM
SJB wants to grab power and JVP want continuous chevos and only Ranil is talking some sense. People want Rajapakshas out. So be it. But who will come into power. ? If it is Sajith then all these protests would become a joke. Protestor would become jokers as Sajith and his set of thieves come back to power.
Mantal Pora Tuesday, 12 April 2022 09:16 AM
So Ranil can accept the Finance Minister portfolio with Sagala Ratnayaka as his State Minister and go on a World Tour with a begging bowl. Best performers of a system change they would be.
M Azam Tuesday, 12 April 2022 05:20 AM
I totally agree with that statement!!!
TJ Tuesday, 12 April 2022 05:25 AM
To change the system, the mindset of the voters should change.
Ranil Perera Tuesday, 12 April 2022 05:35 AM
Sir, you are not the answer either. You were given an endless amount of chances and u dropped the ball in almost all those chances. We still would like to be polite to you. We really do not need your reforms. We need you also out of the system. Your inability during the bond scam was there to see in good measure. At least you didn’t loot like the R family. But you didn’t punish them either when you had the power. So you are a part of the whole problem
Mohanan Tuesday, 12 April 2022 05:43 AM
The root of the problem is the total value of our imports are much higher than the total value of exports. For example, according to central bank statistics, our imports for January 2022 stand at 1959 million US dollars whereas exports stand at 1100 million US dollars. There was a big deficit of 859 million US dollars. In the past, we have been covering such deficits through foreign remittances and income from tourism. Now that the remittances largely come through black market and the tourist arrivals have dropped, we are struggling. Only option is to cut down on non-eseential imports to match the exports.
Siri Herath Tuesday, 12 April 2022 08:55 AM
The country needs a plan right this hour to stem the impending financial catastrophe. Inviting voluntary remittances urgently from citizens abroad is about the best move in the v.short term. Then, curtailing imports, incentivising tourists, mass resurgence of exports to include new expansions could follow in the medium term.
Siri Herath Tuesday, 12 April 2022 08:55 AM
The country needs a plan right this hour to stem the impending financial catastrophe. Inviting voluntary remittances urgently from citizens abroad is about the best move in the v.short term. Then, curtailing imports, incentivising tourists, mass resurgence of exports to include new expansions could follow in the medium term.
Thavamanis@gmail.com Tuesday, 12 April 2022 08:56 AM
Totally agree
ravini Tuesday, 12 April 2022 09:22 AM
What did you do, when you got power? what changes you made?... when got a chance did nothing. Don't fool people . all same.
Premalal Perera Tuesday, 12 April 2022 09:30 AM
We need both a change of government and a change of system. Without a change of government, a change of system is not possible. How can we have a system to punnish fraudsters who busted the Central Bank with you inside the government?
Arnold Tuesday, 12 April 2022 11:46 AM
But no one wants to help when evil demons in power with open sacks.
Freddy Tuesday, 12 April 2022 11:59 AM
You have no right to talk now.. you let these rajapakse clan to go scot free.. now they ruined the economy.. dont come saying all this now.. we dont need you either.. get lost!
Seyed Zafarullah Lhan Tuesday, 12 April 2022 07:31 PM
What have you done to change the system.....you are part of the problem our countryis facing.You never created the next generation of leaders that our country badly needs...Go home Ranil
sam Tuesday, 12 April 2022 07:47 PM
How can the system change without a change in govt and parliament?
Samarakara Palathota Wednesday, 13 April 2022 02:41 AM
SL people kicked you out from politics; still hanging like a sticky ball!! We must impeach you first!!
T.Bandara Wednesday, 13 April 2022 04:59 AM
You have being in politics for over 40 yrs but achieved very little, UNP leader since 1994 and brought a great party to zero, now you are talking like a "pundit", get lost you are part of the problem and unfit as a leader. We have not forgotten the Batalanda horrors, Bond scam, handing over part of the country to the LTTE, Easter bombings etc
Rohan w Wednesday, 13 April 2022 07:55 AM
Root cause is the voters in Sri Lanka voted for a president and prime minister who were willing to play the race card to get into power. They ignored the fact no one in the R family is neither capable or qualified to run a country. No different from Donald Trump. Luckily for the US the institutions are strong.
Mary Wednesday, 13 April 2022 08:42 AM
This man has no shame. He was completely ousted during the last election and he is still trying to hoodwink the people.
Buddhist Wednesday, 13 April 2022 04:06 PM
Still Ranil is playing a game to keep Rajapaksas in power.
Martin Milton Wednesday, 13 April 2022 06:49 PM
Another piece of nonsense by a persistent loser. It is the Government who forms the system, there cannot be a system change without the exit of the sitting GoSL. MM
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