Sri Lanka will need $5 billion in next six months for essentials -prime minister


FILE PHOTO: Ranil Wickremesinghe, newly appointed prime minister, arrives at a Buddhist temple after his swearing-in ceremony amid the country's economic crisis, in Colombo, Sri Lanka, May 12, 2022. REUTERS/Dinuka Liyanawatte

COLOMBO (Reuters) - Sri Lanka's cash-strapped government will need at least $5 billion in the next six months to maintain basic standards of living, including some $3.3 billion for fuel imports, the country's prime minister told parliament on Tuesday.

"Only establishing economic stability not enough, we have to restructure the entire economy," said Ranil Wickremesinghe, who is working to prepare an interim budget to balance Sri Lanka's battered public finances.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

French soldier dies after being accidentally shot in head during drunken evening in barracks
U.S. Supreme Court tariff ruling could curb Trump's "unlimited, arbitrary tariffs": senior EP official
Andrew Mountbatten-Windsor's ex-wife 'Fergie' also undone by Epstein ties
Chinese couple makes Milan-Cortina history with dual aerials golds (updated)
Food aid in Somalia could halt within weeks due to funding shortages, WFP warns
EAC vows stronger efforts to ease regional trade obstacles
Zambia raises concerns in growing illegal pangolins trade
Zambian expert says China's zero-tariff policy reinforces South-South cooperation
5 trapped miners presumed dead after mud rush at S. African mine
Norway's Dale-Skjevdal strikes gold in Olympic biathlon mass start

Others Also Read