President Ranil Wickremesinghe has stated that the nations economy can not afford the release of funds on an ad hoc basis, owing to its ongoing financial crisis.Taking to Twitter, the Head of State said We are facing an economic crisis, and we require to prepare our costs carefully.

Spending plans are produced the entire year, so we cant launch funds on an advertisement hoc basis.

We have to keep a reserve in case the IMF funds for which we are working out arent received in March .

Speaking on existing controversies surrounding the 2023 Local Government (LG) election, Wickremesinghe mentioned that they are yet to receive correct clarity on the costs sustained for the surveys, as the estimated quantities and those asked for do not tally.

EC estimated it at Rs.

10B but asked for 6B.

The authorities have asked for greater than the price quotes , he stated, including that the Finance Ministry has actually been advised to study these disparities and send a precise budget.Moreover, the Prime Minister has likewise been advised to take the necessary procedures to designate a Select Committee Inquiry into who is accountable for destroying the economy by the third week of March.

The economy is my top priority.

We will not have a nation if the economy does not develop , the President emphasised, including that the constitution might be protected just if the nation is secured.