BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
By

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 for this article.