Sri Lanka President says taking over economy as coalition tensions rise

ECONOMYNEXT – Sri Lanka’s President Maithripala Siriisena said he is taking over the economy from this year, though for three years the United National Party of Prime Minister Rani; Wickremesinghe was allowed to manage in the latest escalation of tensions between the two.

Three months ago had had appointed a National Economic Council for the purpose, President Sirisena told an election rally in Kegalle.
President Sirisena said he is taking over the responsibility of strengthening the economy and called upon domestic investors rally around to build the economy of the ‘motherland’, his office said in a statement.

President Sirisena’s Sri Lanka Freedom Party and Prime Minister Ranil Wickremsinghe’s UNP is contesting upcoming local elections separately.

Tensions have been rising with backbenchers accusing each other and President Sirisena walking out a cabinet meeting last week.

Sirisena said Sri Lanka can become a developed nation but only corrupt politicians stood in the way.

Last week President Sirisena made public a commission of inquiry on the country’s biggest security scam so far, involving ex-Central Bank Governor Arjuna Mahendran, who was appointed by Wickremesinghe.


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