Sri Lanka elections 2024: President AKD’s partly takes commanding early lead

NewsReality Check
By Editor_1
Sri Lankan President Anura Kumara Dissanayake arrives at a polling station to cast his ballot #in Sri Lanka's parliamentary election in Colombo on Tuesday (November 14, 2024) -EN

COLOMBO—Sri Lanka President Anura Kumara Dissanayake’s National People’s Power (NPP) left rivals far behind in the first 11 results declared in the 2024 general elections, netting over 70% of the votes.

Sri Lanka went to polls in a stabilization crisis coming after the worst currency collapse in the history of the island’s central bank, which ended in a sovereign default.

Ex-President Ranil Wickremesinghe, who oversaw the stabilization crisis, under an International Monetary Fund (IMF) program – the 17th such program triggered by the central bank with rate cuts and liquidity injections to boost growth – lost to Anura Kumar Dissanayake in September.

The stabilization crisis included income tax hikes on middle-class wage earners on top of price rises coming from the central bank.

Dissanayake only polled 42% in the Presidential election.

Earlier in the day President Dissanayake said he expected a strong mandate to govern and carry out his program.

Prime Minister Harini Amarasuriya said after voting on Thursday (13) that she expected a majority as many who had not voted for the NPP were now looking at the party favourably.

With about 6% of the results declared, made up of 10 out of 22 postal votes and three other polling divisions, the NPP led with a 74% share.

Sajith Premadasa’s Samagi Jana Balawegaya was a distant second with around 11% of the vote.

The New Democratic Front made up of ex-ministers who supported the stabilization program and Wickremesinghe’s own United National Party polled around 5.2%.

-economynext.com

 

Editor_1
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