February 21, 2018 6:59 AM

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Govt will finalize new economic program by next week: Sri Lankan President

<div>Sri Lankan President Maithripala Sirisena has said that his government will finalize a new economic program for the country by next week.&nbsp;</div>''<div><br />''</div>''<div>Chairing a meeting of the National Economic Council, Mr. Sirisena had detailed discussions on the rapid changes required in the country and short term and long term programmes needed to speed up economic development.&nbsp;</div>''<div><br />''</div>''<div>Prime Minister Ranil Wickremesinghe, senior ministers and officials were present in the meeting. The Council was appointed by President Sirisena last year to take policy decisions for economic development.&nbsp;</div>''<div><br />''</div>''<div>The meeting assumes significance in wake of power tussle in the country, where President asked Prime Minister to resign after their defeat at local body polls.&nbsp;</div>''<div><br />''</div>''<div>However, he refused to resign and asserted that the President has no powers to remove him. President Sirisena has sought Supreme Court opinion on the constitutional status of his powers.&nbsp;</div>''<div></div>''<div>The National Economic Council meeting and its decisions are said to be an attempt by President to sideline Prime Minister, who was said to be key in economic matters so far.</div>''<div><br />''</div>

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