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Sri Lanka economic crisis: President Gotabaya will not resign despite protests, minister tells Parliament

Sri Lankan President Gotabaya Rajapaksa will not resign from his post despite the countrywide protests calling for the leader to step down over his handling of the ongoing economic crisis, minister Johnston Fernando told the Parliament on Wednesday. “May I remind you that 6.9 million people voted for the president,” said the chief government whip and highways minister in Parliament amid outrage by the opposition in the Sri Lankan Parliament, according to news agency Reuters.

“As a government, we are clearly saying the president will not resign under any circumstances. We will face this,” Fernando added.The island nation is in the midst of a severe economic crisis, leading to fuel shortages, power cuts of 13 hours and spiralling inflation. People across the country have taken to the street calling on their President to resign from the presidency, saying that the ruler’s mismanagement of the crisis made it worse.

From beachside towns in the south to the Tamil-speaking north, more than 100 demonstrations have broken out across the island nation since last week, according to the WatchDog research collective.Calls to resign were also echoed in parliament with 42 lawmakers from the ruling coalition saying they will become independents, leaving Rajapaksa’s government with less than 113 needed to maintain a simple majority.

Historically, Sri Lanka has had weak finances where expenditure has exceeded income. Some critics say that frailty was compounded when Mahindra, brother of Gotabaya Rajapksa, enacted deep tax cuts soon after taking office in 2020. The situation went further downhill after the Covid-19 pandemic hit the country further, devastating its tourism-reliant economy.