The economy is, slowly but surely, on the path to collapse once again, said Samagi Jana Balawegaya (SJB) MP Rohini Kavirathna.
She said the current account had a balance of USD 432 million in the second quarter of 2024 , but it dropped to USD 303 million by the following quarter.
She cited failures in governance and economic management as the reasons for this decline.
The previous regime was able to keep the current account balance on a positive note even while repaying loans and interest to multilateral lenders.
But, that has reversed within 100 days of the present regime, said Kavirathna, adding that all spheres of society are now heavily burdened with taxes.
“The resultant pressure will be felt strongly by April,” Kaviratne added.
Leave a comment