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Govt. unable to manage economic downturn – SJB

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SJB MP Eran Wickramaratne said the crisis with regard to economic management and governance has gone beyond government control subjecting masses to severe hardships without essential goods and services.

He was addressing a media briefing at the the Opposition Leader’s office in Colombo on Thursday.

He said that there was no increase in the value of GDP on par with the amount of domestic and foreign borrowings by this government during the last two years.

He accused the government of giving priority to paying off debts of foreign cronies while starving the people without essential foods inclusive of fuel for electricity generation.

“People who could not afford basic necessities despite having cash in hand due to the shortage of dollars and foreign exchange now had to stay in the dark for several hours a day without electricity due to lack of fuel as the government has not been able to maintain a supply chain properly. But the government, having crossed its wires gives priority to repaying the loan to its cronies while mounting pressure on its citizens.He said there is a shortage not only for food and fuel but also for medicines for the people. Only 25% of the country’s essential medicines are produced and the rest are imported. There is also a shortage of essential medicines due to lack of dollars for imports.

Saturday, January 22, 2022 – 01:03

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