Sri Lanka President Wickremesinghe

Sri Lankan President Ranil Wickremesinghe presents budget; says economy not out of crisis yet

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Sri Lankan President Ranil Wickremesinghe presents budget; says economy not out of crisis yet

A woman buys vegetables at a market, on the day President Ranil Wickremesinghe, who is also the island nation’s Finance Minister, presents the annual budget in Colombo, Sri Lanka, on November 13, 2023. | Photo Credit: Reuters Sri Lankan President Ranil Wickremesinghe on November 13 presented his government’s 2024 budget, emphasising the need for tough … Read more

Sri Lankan President Ranil Wickremesinghe instructs Ministries to slash 5% of funds allocated in Budget

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Sri Lankan President Ranil Wickremesinghe instructs Ministries to slash 5% of funds allocated in Budget

Sri Lankan President Ranil Wickremesinghe. File | Photo Credit: AFP President Ranil Wickremesinghe has instructed his Ministries to slash 5% of their estimated expenditure allocated in this year’s Budget as Sri Lanka’s Treasury was facing an acute shortage of funds, exacerbating fears that the cash-strapped country’s economic crisis could be even worse than previously anticipated. … Read more