last day of oil Sri Lanka is sad to prepare for the crisis – a mob to expel the president.
last day of oil – 17 May CNNReport on the progress of the extreme economic crisis in Sri Lanka that there is not enough fuel left until today. ready to urge people not to waste time queuing for gas Amid protests to expel the country’s leader
New Prime Minister Ranil Wickremesinghe, newly appointed after Mahindra Rajapaksa, recently announced his resignation amid anger among Sri Lankans, said Sri Lanka needed about 2.5 billion baht in emergency funds to bring access to domestic necessities
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“The latest situation, we now have enough fuel for just one day. The coming months will be the most difficult times in our lives,” Ranil said.
However, gasoline and diesel, which Sri Lankan authorities have supplied from Indian borrowings, will arrive in the coming days, which will help some relief from the oil shortage crisis, but Sri Lanka is still short of 14 essential medicines.
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The report states that Sri Lanka is facing a budget deficit of more than 230 billion baht, accounting for 13 percent of the country’s gross domestic product (GDP), sparking protests against Sri Lankan President Gotabaya Rajapaksa.
Later, Prime Minister Ranil announced his resignation to take responsibility for the resulting administrative failure, but protesters insisted they would continue to rally until Kota Baya resigned from office. Until clashes erupted with supporters of President Gotabaya. As a result, nine people were killed and more than 300 were injured, leading to riots across the country.
Mr Ranil said he would fix the initial issue by printing banknotes first and reducing government expenditures by privatizing state-owned airlines. This could exacerbate inflation in the short term. and announced that it would transform Sri Lanka into a nation rich in resources
Sri Lanka is experiencing an economic crisis that has been exacerbated by the coronavirus disease 2019 (COVID-19) outbreak and the lack of fiscal discipline of the government. before being aggravated by the effects of global inflation. Slow tourism recovery and war in Ukraine