News
Under RW’s watch economy has further deteriorated – Prof. Peiris
…interest payments alone increased by USD 2.8 bn; foreign debt USD 100 bn
By Shamindra Ferdinando
Declaring that the economy had further deteriorated under President Ranil Wickremesinghe’s watch since July 2022, dissident SLPP parliamentarian Prof. G. L. Peiris said that the government was working overtime to depict a much improved situation.
Addressing the media at the weekly media briefing held by the Jathika Nidahas Sabhawa at Nawala, the former External Affairs Minister having compared the Gross Domestic Product (GDP) and national debt as at April 2022 when Sri Lanka declared bankruptcy and current figures pointed out the further deterioration of the economy.
Lawmaker Peiris stressed that the foreign debt has increased to USD 100 bn from USD 82 bn in April 2022.
Referring to the latest IMF report that dealt with Sri Lanka, the former Minister emphasised that the IMF assessment of the economy here is contrary to the government propaganda. Prof. Peiris explained how the interest payments had increased by USD 2.8 bn during this period whereas the government propaganda chiefs continued to propagate lies claiming the contrary.
The ground reality is that instability increased and the country absolutely lacked the wherewithal to start paying back its debt and the accompanying interest, MP Peiris said.
Commenting on ISB (international sovereign bonds) amounting to USD 12 bn, Prof. Peiris said that Sri Lanka couldn’t reach consensus on an agreement favourable to the country and the situation remained the same. The recent talks held in London failed to resolve the issues at hand with regard to ISBs, Prof. Peiris said, drawing the public attention to USD 6.2 bn and USD 4.3 bn owed to the ADB and the World Bank, respectively.
Responding to The Island query, Prof. Peiris said that the ISB amounting to USD 12 bn had been included in USD 100 bn foreign debt.
The ex-Minister said that the country seemed somewhat comfortable at the moment as the repayment of debt hadn’t been resumed. Declaring that the crisis couldn’t be addressed through propaganda, the internationally reputed law academic said that the domestic debt, too, increased by 9% in the first quarter from USD 52.6 bn to USD 57.2 bn.
Commenting on the continuing controversy over the possibility of the Presidential Poll being put off by at least one year, Prof. Peiris said that, too,was part of their propaganda project.
The UNP leader Wickremesinghe has been elected by Parliament to complete the remainder of ousted President Gotabaya Rajapaksa’s five-year term.
News
Judicial vacancies: President keeps country guessing
The NPP government has not taken a final decision regarding filling of the vacancies in the judiciary.
A group of Opposition MPs, led by SJB leader Sajith Premadasa, on 12 June, requested Speaker Dr. Jagath Wickremeratne to take up the issue of judicial vacancies with President Dissanayake. Opposition sources said that there were four vacancies, each in the Court of Appeal and the Supreme Court, and the inordinate delay had adversely affected the judiciary.
Government sources indicated that there was no change in the status quo as regards filling of vacancies. Referring to the government proposal to extend the retirement age of judges, authoritative sources said that no final decision had been taken yet.
SJB lawmaker Dayasiri Jayasekera told The Island that they would raise the issue in Parliament this week.
He said that the deliberate delay in making appointments to superior courts and the move to extend the retirement age couldn’t be taken separately.
The MP noted that the Bar Association of Sri Lanka, the Lawyers’ Collective, the Colombo High Court Lawyers’ Association, Colombo Magistrate’s Court Lawyers’ Association and the Bar Association of Badulla had opposed the government move.
There hadn’t been any public statements in support of the government move, MP Jayasekera said, urging the government to end uncertainty in the judiciary.
by Shamindra Ferdinando
News
Sajith calls on Opposition parties to rally around SJB
SJB leader Sajith Premadasa has invited the UNP and other political parties to join his party. Premadasa, who is also the leader of the Opposition, has emphasised that the UNP and the SJB could reach a consensus on policies but his party wouldn’t, under any circumstances, accept whatever formula to share positions. Premadasa said so, speaking to the media over the weekend, after meeting the Mahanayaka Thera of the Malwatta Chapter of the Siyam Nikaya Most Venerable Thibbatuwawe Sri Siddhartha Sumangala Thera.
A statement issued by the Opposition Leader’s Office quoted MP Premadasa as having extended an invitation to all political parties to give up extremist policies and join the SJB.
The SJB leader alleged that the NPP government feared facing elections and that was the reason for the inordinate delay in holding Provincial Council polls. PC polls were last held in 2012, 2013 and 2014, on a staggered basis. Premadasa said that if PC polls were held his party would definitely win the majority of PCs.Premadasa also urged the government to reduce electricity tariffs and fuel prices.
News
Ex-EC Chief slams govt. over PC polls delay
Former Chairman of the Election Commission, Mahinda Deshapriya, on Saturday, strongly criticised the continued postponement of local government elections, declaring that every day without elections constitutes a violation of both the Constitution and democratic principles.
Speaking during an interview with journalist Bhanuka Rajapaksa, on Hiru TV, on Saturday, Deshapriya described the current administration of local government institutions by unelected officials as fundamentally undemocratic and contrary to the spirit of representative governance.
Deshapriya said local authorities, across the country, are presently being managed by secretaries and bureaucrats rather than elected representatives, depriving citizens of their democratic right to be governed by individuals, chosen through the electoral process.
“If the Constitution recognises and provides for local government institutions, then it is the responsibility of the State to ensure that elections are held and that these bodies are administered by representatives, elected by the people,” he said.
Deshapriya rejected attempts to justify the prolonged delay, arguing that responsibility for the situation rests with the government.
He noted that while various political parties have publicly stated their readiness to face elections, the ruling administration possesses the authority to resolve any issues relating to the electoral system.
The former Election Commission chief pointed out that the government enjoyed a two-thirds majority in Parliament, enabling it to enact any legislative amendments required to facilitate the conduct of elections. Instead, he said, successive committees and review processes had been used to postpone a final decision.
He also referred to efforts by opposition legislators who have moved motions seeking to address concerns relating to the electoral framework and expedite the holding of local government polls.
Deshapriya warned that any attempt to appoint a fresh delimitation committee could further delay the electoral process, making it unlikely that local government elections would be held within the current year.
He also dismissed claims that financial constraints have prevented the conduct of elections. Expressing surprise at such assertions, he questioned how funding shortages could be cited as a reason for postponement while expenditure continues in other sectors.
According to Deshapriya, the existence of laws establishing local government institutions imposes an obligation on the State to ensure that those institutions are populated through democratic means.
“The legal framework exists. If elected representatives are not appointed through elections and institutions continue to function under unelected administrators, that is a failure of the State,” he said.
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