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Champika: Pandemic has become beggar’s sore for inefficient govt.
“The government is citing the COVID-19 as the reason for all its failures today”
By Saman Indrajith
Statistical lies would not help the government hide the mega financial crisis, foreign debt and recession in the country, former Minister SJB MP Patali Champika Ranawaka said on Monday evening.
Addressing the media at the SJB Headquarters in Pitakotte, MP Ranawaka said the incumbent government soon before the advent of COVID-19 crisis, had given a neoliberal tax relief to the rich and that had boomeranged. “That tax relief yielded no positive result for the economy.
MP Ranawaka said that the incumbent government had made two main election pledges. One was to ensure national security and the other to usher in development. “Have they been able to fulfil those two promises or are there any signs that they will do so during the remaining time of their term?”
MP Ranawaka said that two main accusations that led to the end of the yahapalana government were the Bond Scams and its failure to prevent Eastern Sunday carnage. “Those allegations had some sort of base and rationale but other accusations such as MCC deal, Dr Shabdeen episode, and allowing Hizbullah to promote Islam extremism were baseless. Now, the President says that he can solve problems of national security but not so the problems pertaining to other crises such as COVID-19. What about the unfulfilled election pledges? What about Arjun Mahendran? They promised to get the former Central Bank Governor extradited to stand trial. One year has passed sine but nothing has been done to deliver those promises. They could not even bring him down but also failed even to land Arjun Aloysius and others in prison. There are reports that Zahran Hashim had the support of two powerful leaders of the incumbent government. Will the government take those politicians into custody? Dr Jayaruwan Bandara said that the government would not be able to control COVID-19 in Colombo city and he was sacked for that. The current crisis cannot be solved with the help of media circuses. There should be a scientific approach to these problems. The government blames the COVID-19 for all its failures. Reserves are fast dwindling. The government is producing contradictory reports and statistics about the economy. So, the Department of Census and Statistics is not able to present figures related to economic development in the second and third quarters of this year. While the Central Bank has predicted a minus 1.7 economic growth for this year, the Finance Ministry has submitted reports to Parliament, claiming a positive economic growth. It’s high time the government learned that these statistical gimmicks would not help solve the burning problems.”
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AKD warns of far reaching economic consequences of Middle East war
President Anura Kumara Dissanayake yesterday called for an immediate and peaceful resolution of the escalating Middle East conflict, warning that the crisis could have far-reaching repercussions on the global economy, including Sri Lanka.
Addressing Parliament, the President stressed that no military conflict benefited humanity, particularly at a time when destructive military technologies were rapidly advancing.
“Any military conflict does not create a favourable situation for any group of people,” he said, urging all parties to make urgent commitments towards peace. “As Sri Lanka, our position is that all parties involved in this war must, as soon as possible, take steps toward a peaceful world.”
He cautioned that Sri Lanka could not remain insulated from the fallout from the conflict, noting that disruptions to global oil and gas supplies, threats to migrant workers in the Middle East, and potential shocks to tourism, remittances, shipping and aviation were real concerns.
A national programme was being formulated to mitigate the impact, he said, adding that its success would hinge on broader international efforts to restore stability, the President said.
Acknowledging public anxiety shaped by past economic hardships, President Dissanayake said social stability could not be ensured through rhetoric alone but required tangible guarantees that citizens would not face another crisis.
While noting that the government had successfully navigated multiple challenges since assuming office, he described the Middle East situation as distinct due to the uncertainty surrounding its duration and outcome.
The government, he said, was closely monitoring developments. The Central Bank had conducted a review with a report on the likely economic impact expected shortly. The Ministry of Finance is also preparing an assessment of the potential effects on public life, alongside measures to ensure the uninterrupted provision of essential services locally and for Sri Lankans overseas.
“The primary responsibility for finding a path out of the crisis rests with the Government,” he said, calling on Parliament and the public to collectively confront the challenge under a unified national plan.
Providing a detailed account of the country’s energy reserves, the President said storage capacity rather than supply remained the key constraint. Excluding the Indian Oil Corporation tanks in Trincomalee, total storage capacity at Kolonnawa and Muthurajawela stands at approximately 150,000 metric tons.
Diesel stocks were currently sufficient for 33 days, with refining contributing around 1,800 metric tons daily. Petrol reserves will last 27 days, with a 35,000 metric ton shipment due on March 7 or 8 expected to extend availability to around 40 days.
Aviation fuel stocks are adequate for 49 days, supported by both daily refining and imports. Scheduled shipments include vessels from RM Parks on March 14, Sinopec on March 17, IOC on March 21 and the Ceylon Petroleum Corporation on March 28.
Crude oil supplies were sufficient to operate the refinery for 26 days, with an additional shipment expected to extend operations by a further 18 days, the President said.
“Because of this, there is no crisis regarding oil,” the President assured Parliament.
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