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Originally stated in December! didn’t get it! Then said, “will get  in March!” Is Ranil’s latest tweet an indication that IMF funds will not be received in March?

February 26, 2023
in News
Reading Time: 3 mins read
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Originally stated in December! didn’t get it! Then said, “will get  in March!” Is Ranil’s latest tweet an indication that IMF funds will not be received in March?
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President Ranil Wickramasinghe says that if the International Monetary Fund (IMF) allocations are not received in March as expected, a cash reserve will have to be maintained for future activities.
In a tweet, the President points out that as the country is facing an economic crisis, expenditure must be managed.

The president also said that since the budget has been prepared to cover expenses for one year, money cannot be released on a temporary basis.

1/ We are facing an economic crisis, and we need to plan our spending carefully. Budgets are made for the whole year, so we can't release funds on an ad hoc basis. We have to keep a reserve in case the IMF funds for which we are negotiating aren't received in March as expected.

— Ranil Wickremesinghe (@RW_UNP) February 25, 2023
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