AIRLINK 189.36 Increased By ▲ 1.33 (0.71%)
BOP 11.10 Decreased By ▼ -0.76 (-6.41%)
CNERGY 7.28 Decreased By ▼ -0.26 (-3.45%)
FCCL 36.65 Decreased By ▼ -1.14 (-3.02%)
FFL 14.95 Decreased By ▼ -0.29 (-1.9%)
FLYNG 26.19 Increased By ▲ 0.66 (2.59%)
HUBC 130.89 Increased By ▲ 0.74 (0.57%)
HUMNL 13.47 Decreased By ▼ -0.14 (-1.03%)
KEL 4.28 Decreased By ▼ -0.07 (-1.61%)
KOSM 6.08 Decreased By ▼ -0.09 (-1.46%)
MLCF 45.94 Increased By ▲ 0.26 (0.57%)
OGDC 201.86 Decreased By ▼ -4.57 (-2.21%)
PACE 6.12 Decreased By ▼ -0.26 (-4.08%)
PAEL 38.36 Decreased By ▼ -1.95 (-4.84%)
PIAHCLA 16.73 Decreased By ▼ -0.22 (-1.3%)
PIBTL 7.94 Decreased By ▼ -0.09 (-1.12%)
POWER 9.86 Decreased By ▼ -0.17 (-1.69%)
PPL 173.46 Decreased By ▼ -5.38 (-3.01%)
PRL 34.73 Decreased By ▼ -1.63 (-4.48%)
PTC 23.95 Decreased By ▼ -0.44 (-1.8%)
SEARL 101.74 Decreased By ▼ -1.42 (-1.38%)
SILK 1.07 No Change ▼ 0.00 (0%)
SSGC 32.70 Decreased By ▼ -3.54 (-9.77%)
SYM 17.93 Decreased By ▼ -0.30 (-1.65%)
TELE 8.14 Decreased By ▼ -0.24 (-2.86%)
TPLP 12.02 Decreased By ▼ -0.14 (-1.15%)
TRG 67.40 Increased By ▲ 0.07 (0.1%)
WAVESAPP 11.80 Decreased By ▼ -0.21 (-1.75%)
WTL 1.52 Decreased By ▼ -0.05 (-3.18%)
YOUW 3.90 Increased By ▲ 0.01 (0.26%)
BR100 11,819 Decreased By -87.9 (-0.74%)
BR30 35,000 Decreased By -554.1 (-1.56%)
KSE100 112,085 Decreased By -478.8 (-0.43%)
KSE30 34,946 Decreased By -148 (-0.42%)

COLOMBO: Sri Lanka again postponed local polls on Tuesday in defiance of a court order, delaying a de facto referendum on President Ranil Wickremesinghe’s efforts to restore the bankrupt island nation’s finances.

The elections were originally slated for last month but Wickremesinghe’s administration refused to finance them, saying the money was needed to pay for salaries and pensions.

His government was rebuked by the Supreme Court and ordered to release the funds for a rescheduled vote on April 25, but so far that has not happened.

Bankrupt Sri Lanka hikes power prices again for IMF deal

The delayed polls are to pick local councillors but would be the first electoral test for Wickremesinghe since he took office.

“A new date will be announced if a firm date is given by the government to release the necessary funds or there is another decision of the Supreme Court,” the election commission said in a brief statement.

Sri Lanka suffered acute shortages of food, fuel and pharmaceuticals along with lengthy blackouts last year as a result of the worst economic crisis since independence from Britain in 1948.

Months of protests and political upheaval culminated last July in the ouster of Wickremesinghe’s predecessor Gotabaya Rajapaksa after an angry crowd stormed his compound.

The polls are widely seen as a referendum on unpopular austerity measures implemented to satisfy the terms of an International Monetary Fund bailout, including a doubling of income taxes and a sharp rise in energy tariffs.

Opposition lawmakers have accused Wickremesinghe of using the economic crisis as an excuse to sabotage democracy by delaying the election.

Comments

Comments are closed.