The National People’s Power (NPP) government has been able to increase Sri Lanka’s foreign reserves from USD 3.2 billion to USD 6.8 billion after assuming office, claimed Deputy Minister of Housing T.B. Sarath.
He said that if Sri Lanka can generate about USD 10 billion by the year’s end, it will be able to purchase goods on credit from any country in the world.
However, Deputy Minister Chathuranga Abeysinghe, then an Executive Committee member of the NPP, appeared on a TV talk show on September 24, 2024, just three days after the presidential election, and expressed appreciation for former President Ranil Wickremesinghe’s efforts in leaving the Treasury in a stable financial condition.
Sri Lanka’s foreign exchange reserves stood at USD 6 billion in September, 2024.
Abeysinghe noted that Wickremesinghe’s prudent fiscal management ensured that the incoming administration, led by President Anura Kumara Dissanayake, would have adequate financial resources to maintain government operations without facing immediate economic difficulties.
He emphasised that such a gesture demonstrated Wickremesinghe’s sense of responsibility toward the country’s well-being, regardless of his political standing.
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