Economics Professor Priyanga Dunusinghe has expressed concern over the lack of clarity surrounding the current government’s economic strategy, saying that neither the general public nor investors understand its future direction. He made these remarks during a discussion on Derana Channel.
“We don’t really see what the government’s economic program is or that it is being implemented,” Professor Dunusinghe stated. “What we are witnessing is essentially a reactionary approach, where daily economic issues are being addressed without a comprehensive long-term plan.”
He emphasized that vital economic reforms required to propel the nation forward are not being prioritized. “In this scenario, I think we are falling behind,” he said, underscoring the urgency of a strategic vision for the economy.
The professor noted that even the International Monetary Fund (IMF) has highlighted the need for a shift in focus. “The IMF recently stated that the phase of economic stabilization is largely complete, and now the focus should be on achieving economic growth. To do this, reforms aimed at fostering such growth must be implemented.”
Professor Dunusinghe also pointed out that the previous government had initiated some of these reforms as part of its growth-oriented agenda. However, he criticized the current administration for failing to continue that momentum.
The lack of a clear economic vision is not only a concern for the general public but also a major deterrent for potential investors, he added. “This uncertainty creates a ripple effect, hindering the overall progress of the economy.”
His comments reflect growing criticism of the government’s inability to articulate a cohesive economic plan, particularly at a time when Sri Lanka faces significant challenges in maintaining fiscal stability and fostering sustainable growth.
