Let us put an end to borrowing: Ranil

2 September 2024 07:16 pm Views - {{hitsCtrl.values.hits}} 57 Bookmark

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Colombo, September 2 (Daily Mirror) - President Ranil Wickremesinghe called for the support of all parties to create an era where Sri Lanka could end borrowing funds from other countries.

"It is time to put a stop to borrowing. It is time to stop depending on other counties. Sri Lankans should earn the funds that they want to run the nation by themselves," Wickremesinghe told a ceremony held to mark the 73rd anniversary of the Sri Lanka Freedom Party (SLFP).

Comments - 57

Bernard Jayatilake Monday, 02 September 2024 07:36 PM

What a joke - you yourself made this country a debtor to other donors until 2048 with accumulated interest and to make things worse you boast of negotiating a grace period further complicating the debtor status and you should now be packing your bags instead becoming a laughing stock.

6 67

Citizen Monday, 02 September 2024 11:54 PM

Realisation in desperation. Pleas quit.

1 10

Grace Monday, 02 September 2024 07:39 PM

President is correct. Borrowing loans strip us of our pride. Let's continue to sell our country piece by piece and our future generation will not have a country and proudly live as refugees in other countries.

5 54

Kumari.sen Monday, 02 September 2024 11:14 PM

But what has he done in nearly 50 in power? Now that the elections are around the corner, he is utter these and think he can fool people. He is 76 years of age, the age by which most people are retired. How can he turn round a country with huge problems except in words. I am sure by the end of each day his brain is knackered. SL needs a younger leader.

1 8

Citizen k Tuesday, 03 September 2024 07:11 AM

Grace tell it to the birds for the biggest borrower is talking to win election.These are just empty rhetorics.

0 7

Man Tuesday, 03 September 2024 08:51 AM

Yes, he rightly said that the second and third preferences, too must be marked, even casting the vote for him, to prevent Anura getting elected as paving the way for Gota part II.

0 7

R Monday, 02 September 2024 07:40 PM

Unelected master debating presidential candidate doesn’t need to rely on others. He loves doing himself to development of internal work to create they can stand up themselves. But unfortunately his love machine working without any rest for long time. As we all know he’s perfect lover, and love machine and immortal leader the world ever had

7 38

Rip Winkle Monday, 02 September 2024 07:42 PM

Coming from you, that's rich! Hahahaha!!!

3 49

Dennis Stewart Monday, 02 September 2024 07:48 PM

Haha.keep dreaming. Not whilst 225 are robbing what the country earns

3 45

Voter Monday, 02 September 2024 07:50 PM

Since he came to power from back door he’s been borrowing…he may have read NPP manifesto….

5 45

saman Monday, 02 September 2024 08:10 PM

Ranil, why wont you tell the people how much you borrowed during you being PM and President. We learned that these borrowings have reached USD 100.0 billion. Is it true?

5 45

Kevin Tuesday, 03 September 2024 03:10 AM

$102 billion to be precise. It was $87 billion when he became president. This is excluding 17 billion rupees borrowed locally last year (auditor general report) and 60% foreign project loans (Vertie Research). They are hidden. When added up actual borrowings payable will be around $109 billion. Everybody owes $5,000 each. Interest another $325 annually on top.

0 7

Lk Monday, 02 September 2024 08:13 PM

What a joker and you have been fooling people like this

2 46

Wera Tuesday, 03 September 2024 03:52 AM

You and the rest of your ilk are the jokers mate. A leopard cannot change its spots. The NPP/JVP to whom you give your support while ridiculing all the good work being done by the incumbent, are a bunch of marxist thugs. These are members of the university student unions who went about ragging students from the Colombo schools based on pure jealousy. They also physically beat up any undergrad that had a non JVP party registration and thru violence prevented any other political party establishing a union. This will be the last election you participate in if they come to power. All of you will live to regret your attitude but it will be too late.

2 4

Lokubanda Monday, 02 September 2024 08:21 PM

we need to put an end to your survival in politics and your nefarious deeds.

3 42

ex-UNP Monday, 02 September 2024 08:22 PM

What are you trying to bluff about now Ranil? Just two weeks ago you announced that there are 18 or so countries waiting to give loans to you indicating that you were all for it! Besides, historically, you led the biggest loan taking programs that eventually contributed to Bankrupting the country. Maybe your memory is fading fast due to senility. Of course, borrowing should have stopped! Not now, but years ago - if you had any workable program to do so as PM. Trying to distort facts now is futile.

3 46

Joshua Monday, 02 September 2024 08:47 PM

Oh oh when will these jokes end. Luckily we have only 21 days. He and his good friend MR were the biggest borrowers and now he wants a stop to it. Only fools will believe these bullshits

2 40

ROHINI Monday, 02 September 2024 08:49 PM

Great Idea. Planning first ,execution next. How would the depleted treasury be replenished? Taxing the already impoverished Tax payer? Absolutely not.. Cutting off unnecessary Perks of the Privileged including Politicians. Practicing AUSTERITY..YES. Bring your own refreshments at parties hosted by the leaders,and not forget to bring a biodegradable bag to take away the garbage MENTIONED last but needing the most ,Bring back the loot stored in foreign banks.

2 36

Voter Monday, 02 September 2024 09:00 PM

Borrowing is not the problem in SRI Lanka. The problems are the corrupt politicians here.

3 43

Potta Harry Monday, 02 September 2024 09:01 PM

Selling outright

3 32

first you sell yourself and rapakasa, bring stolen billons from unganda,stop ur forign trips Monday, 02 September 2024 09:04 PM

first reform yourself... you and rajapaksa sold out all sri lankan and we pay your tax. if u have stopped stealing billions with central bank scam then of course no need to borrow. Finally you and rakpaksa corrupted sri lanka name even to borrow money from bangaladesh which never in the history

3 41

Aela Monday, 02 September 2024 09:28 PM

Ranil Baba talking through his rear end. He also borrowed big time. He let others borrow too and did nothing to catch the robbers. He is very much a part of the problem and will soon meet his Waterloo.

2 41

Jayampathi Monday, 02 September 2024 09:50 PM

RW is the only candidate with positive thinking. The other two main candidates promote a lot of short-term benefits to the people, but can't see any practical long-term solution to get out of the current situation.

40 13

Observer Monday, 02 September 2024 10:37 PM

And what exactly is his long term solution. Not to take loans as he says and for us to die of hunger. He has himself promised a lot to all and sundry - is that not short term to get votes.

5 33

ratawenuwen Tuesday, 03 September 2024 04:54 AM

He was the reason for foreign currency crisis, he took 12 Billion USD during 2015-2019 without any projects and then now agreed to pay more starting from 2028 if our GDP grows well we have to pay more.

1 8

Santa Claus Monday, 02 September 2024 10:52 PM

Jolly Seeya’s wishful thinking . You borrowed 11 billion US Dollars in ISBs. Do a Joe Biden and withdraw at least now before a complete memory loss.

0 5

Amal Fernando Monday, 02 September 2024 11:07 PM

Talking rubbish after ruining the country for over 04 decades.

0 6

Pathmaranjan Monday, 02 September 2024 11:55 PM

Ranil stop talking endless lies.

0 6

Hard Truth Tuesday, 03 September 2024 12:16 AM

Borrowing is part of your sacred economic policy. You will never stop that

0 5

APPUHAMY Tuesday, 03 September 2024 01:06 AM

Let us bring back our stolen money

0 5

Piyadasa and piyaseeli Tuesday, 03 September 2024 01:44 AM

That is 100% correct. But when the government allows major projects on credit, and the local politicians scam the country, we need to borrow from Peter so piyadasa and piyaseeli can survive. So when things at the top get fixed, debt will not trickle down anymore to the citizens.

0 6

Jude Tuesday, 03 September 2024 02:04 AM

They borrowed til the country went Bankrupt!! RANIL bragging about IMF funding as if we're getting free money. They were running the country mostly with borrowed money. All successive governments thought borrowing money from IMF world Bank and ADB is an great achievement!! These politicians mortgaged the country for next 50 years.

1 6

Jude Tuesday, 03 September 2024 02:13 AM

There was this guy commented when I said there's no money to extend katunayake expressway to chillaw as pledged by RANIL, he claims Ranil is the finance minister he'll find the money. Yeah there's a money tree in RANIL'S backyard. This kind Low class low-level lowlife people make such dumbass statement.

0 5

Vadivelu Yogaratnam Tuesday, 03 September 2024 02:50 AM

Well done Sir keep it up you are in the right path you can do it alone but please don't associate in politics with members of Rajapaksa's family they will bury you and country as whole.

5 1

Kevin Tuesday, 03 September 2024 03:03 AM

What a joke is this! What he actually means is let's borrow but not account for it. According to the Auditor General's report over 17 billion rupees borrowed last year is not recorded anywhere. Verite Research (yesterday's news in DM) said 60% of foreign project loans are not updated in the loan portfolio.

0 5

Jude Tuesday, 03 September 2024 04:05 AM

Up till now SL politicians depended on massive borrowings from lenders including Bangladesh. But it all gonna change once රතු සහෝදරයන් and AKD comes to power. Under NPP government they're will be some borrowing purely for development projects. Every penny will be utilized and applied to the project.

1 6

FredSnR Tuesday, 03 September 2024 04:58 AM

You are preaching to the converted.If you want change of any sort you must first change the 225 who ran the country and bankrupted it And then change a system where the people have no rights except to vote at election time

0 5

Buddhist Tuesday, 03 September 2024 05:13 AM

What a crook! After over 40 years in parliament and being the president for the last 2 years, continuously increasing the borrowing and voting for the increase in borrowing limit in the parliament now wants to end borrowing.

0 6

Panduka Dasanayake Tuesday, 03 September 2024 05:28 AM

A forensic audit, if at all possible, of all the foreign aid and loans that came in from 1977 may show how they were spent! From Mahaweli diversion via Finco, to Gamudawa fun and frolics to Defence contracts and after, will show exactly how politicians from the 70s are responsible for the present. They and theirs should have no place in Lankan politics, henceforth, and it is up to the voters to ensure they keep them out, and, for a future government of conscience, to bring wrongdoers to book and ensure sound administrative systems are in place to serve and enable dignified living for all!

0 5

Ranjan Tuesday, 03 September 2024 05:33 AM

Mr President, If you want to stop borrowing money immediately, only one possible way, that‘s to recover all robbed money taken by the ex Presidents and corrupt ministers and Pohottu MPs. Anyway Its too late for you now, why at the last moment? Other two main Presidential candiates are far ahed

0 6

Nozama Tuesday, 03 September 2024 06:01 AM

Ranil, what do you mean by "us" ??????? Go and tell that to your bosom buddy Mahinda R because he is the borrower and you are the lender. You lent money to your friend AM via the CB and he screwed you and ran away. All you guys are an undignified lot of scumbags.

0 6

Ro Bert Tuesday, 03 September 2024 06:15 AM

Hi Still your friend attending wedding ceremony in Singapore

0 7

DOT Tuesday, 03 September 2024 06:25 AM

King Borrow, there is NO room for others. You have done it completely!

0 5

Roger Tuesday, 03 September 2024 06:37 AM

Stop robbing, stop investing in useless projects, stop bribery commission luxeries that you guys can't do without stop giving subsidy meals at parliament stop duty free permits stop pensions. Then borrowing can stop. You talk but can't manage your finances.

0 5

Sen Rajapaksha Tuesday, 03 September 2024 07:03 AM

Ranil comes out with all sorts of silly ideas / statements as he sees end to his political career is imminent

0 7

Enough is enough Tuesday, 03 September 2024 07:04 AM

You are a big part of the mob who sold the country and future generations to foreign masters from Mahaweli project loan money (it’s a good project what’s bad is how the government handled contracts and corruption) until your last statement. You are a joker and half, had plenty of opportunities to end borrowing and end corruption, instead you kept borrowing and turned a blind eye for corruption! Worst of it you and MR clan got together to cover up corruption from both sides. Your henchmen must declare their assets and how they earned those. Ranil go home after 21st

0 7

Sambo Tuesday, 03 September 2024 07:40 AM

Even if you want to borrow, no one will give us any money as they cannot get it back and the borrowed money is being squandered.

0 6

Rajan Ponnampalam Soundareswaran Tuesday, 03 September 2024 08:39 AM

1. Then form a Land Army unit with the help of unemployed youth to cultivate all empty fertile land with paddy, spices, tea, coffee, rubber and all other things we can Export to earn foreign exchange 2. Start all Industries which are closed for example Sugar Corporation, Eastern Paper Mills, Cement Corporation, Steel Corporation, Fish Corporation, Chemical Corporation, Fabric manufacturing plants, Garment industries Etc with the help of retired experienced experts, and give employment to youth who are addicted to liquor drugs etc. and export and earn foreign exchange

0 6

Countryman Tuesday, 03 September 2024 08:59 AM

Grand Master Borrower, says let us end the Borrowing, what a JOCK!!!

0 6

Seeya Tuesday, 03 September 2024 09:18 AM

Yes we should borrowing and rely on ourselves for a better future. But what are we doing about self reliance? Have we increased productivity and developed the export market? We are looking to open new FTZ / EPZ, but have you checked as to what is happening with the current zones we have and how many companies operate in them. But then again the president says with pride that we get over 100m every 6 months from the IMF, ADB and WB.

0 5

Tuan Nazeer Tuesday, 03 September 2024 09:18 AM

What is RWR talking bulshit, your party UNP has been borrowing since your party and you uncle come power every time youll been elected, except During Dudley Senanayake s time from 65 to 70. You borrowed and give to Chandrika she borrowed and give to Mahinda borrowed and give to you back, and you gave to Mahinda, it's a tradigy.

0 5

Mark Anandappa Tuesday, 03 September 2024 09:21 AM

He always says if he is not elected the IMF deal is in great danger . Now he says let's stop borrowing. Who is he trying to fool. May be he knows his time is up to hang up his boots. It is time to take good rest Mr Selected President.

0 5

sunil Tuesday, 03 September 2024 09:36 AM

wise decision. If you do not have the money, do not execute projects . Live with what you have until you earn what you need

0 0

Prof. K.M. Rothamuni Ramasamy Tuesday, 03 September 2024 10:46 AM

This is also a kind of Political Gundoo. Don't you all feel it. Never believe this old guy as he knows how to twist his tongue to many directions.

0 3

Guppi Tuesday, 03 September 2024 11:28 AM

But you keep borrowing from us, Taxes on taxes.

0 4

Ima Tuesday, 03 September 2024 07:01 PM

This season politician wants to put end to borrowing, so he seems against the borrowing,then who are the economic pandits advising him to borrow, I feel they don’t have much knowledge on the subject

0 1

Pathmaranjan Wednesday, 04 September 2024 02:31 PM

Are you talking from your rear end.

0 0

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