Ousted PM's party vows to take over state finances

Image
AFP Colombo
Last Updated : Nov 26 2018 | 9:25 PM IST

Sri Lanka's ousted prime minister Ranil Wickremesinghe initiated moves Monday to take control of state finances as a power struggle with the country's president entered a second month.

Wickremesinghe's United National Party (UNP) said it would call a parliamentary vote this week to block spending by the new administration installed by President Maithripala Sirisena.

The UNP says that as Sri Lanka does not have a recognised government all spending powers should revert to parliament, where the UNP and its allies have a majority.

Sirisena set off the constitutional crisis on October 26 by sacking Wickremesinghe, naming the country's former strongman president Mahinda Rajapakse as prime minister, and seeking to dissolve parliament.

But the Supreme Court and legislators have blocked Sirisena and the parliament's speaker has declared that neither Wickremesinghe nor Rajapakse are prime minister.

Wickremesinghe, who occupies the prime minister's residence, and Rajapakse, who has the premier's offices, have both refused to back down.

UNP spokesman Champika Ranawaka said a majority in the 225-member legislature would vote on Friday to freeze spending by Rajapakse's disputed ministerial team.

The UNP and its allies have 122 MPs.

"In the absence of a government, all financial control transfers to parliament," Ranawaka told reporters.

"We will directly have control over government spending through the legislature."
"He must realise he can't pick (and) choose a PM like shopping at a supermarket."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 26 2018 | 9:25 PM IST

Next Story