Political instability has derailed the Economy in one month: Ranil

The leader of the United National Party, Ranil Wickremesinghe in a social media post said the UNP led unity government previous to October 26 was successful in stabilizing the economy amidst turbulent global conditions.

In a post on Facebook the UNP leader said the country’s inflation was recorded at 0.1% as of October 2018. Ranil Wickremesinghe noted Sri Lanka also recorded reserves of US$8 billion US  during this period.

He said the country also maintained the best ever exports and Foreign Direct Investments in 2017, a primary budget surplus, and growth recovery through programmes such as Enterprise Sri Lanka and Gampereliya.

Mr Wickremesingher said all such efforts, however, led to the derailment of the economy, within a period of one month as of the recent political instability in the country.

We stabilized the economy amidst turbulent global conditions. By Oct ‘18 we had 0.1% inflation,US$8bn reserves, best ever exports & FDI in ‘17, a primary budget surplus, and growth recovery through Enterprise Sri Lanka and Gampereliya. The economy has since been totally derailed.

— Ranil Wickremesinghe (@RW_UNP) November 28, 2018