Tuesday, April 16, 2024

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President advocates pragmatism in economic policies

March 14, Colombo (LNW): President Ranil Wickremesinghe emphasised the repercussions of political promises made without a comprehensive understanding of the country’s economy, noting the resultant hardships faced by citizens.

Speaking at a convivial gathering organised by the United Youth Union titled “Future of the Youth,” held at Thaprobane Entertainment, he highlighted the importance of facing reality and collectively working towards a positive future for the nation.

Addressing concerns regarding increasing prices of mobile phones and internet service charges, President Wickremesinghe attributed the collapse of the country’s economy to unsustainable practices of providing free services, leading to economic instability.

He stressed the government’s commitment to implementing measures aimed at creating an economy fostering self-sufficiency and financial resilience, cautioning against the temptation to offer free services, which could exacerbate economic challenges.

President Wickremesinghe underscored the need to transition swiftly to an export-oriented economy as a key aspect of economic development.

He acknowledged the challenges faced by various sectors and engaged in constructive dialogue with attendees, offering insights and solutions to pertinent issues raised.

In recognition of the President’s participation, Mr. Neomal Perera, advisor to the United Youth Union, presented a commemorative gift, marking the significance of his presence at the event.

The exchange of questions and answers encompassed various topics concerning the country’s future trajectory and challenges ahead, reflecting a concerted effort towards national progress and prosperity.

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