Two key parties contesting in the Polls at severe financial crisis!

Two key parties contesting in the Polls at severe financial crisis!

18 October 2019 08:13 am

The two key presidential candidates, Gotabaya Rajapaksa from the Sri Lanka Podujana Peramuna (SLPP) and Sajith Premadasa from the United National Party (UNP) are facing a severe financial crisis, reports said. 

This is mainly due to the inability to collect the election funds to the level they were hoping for.

In addition, people who have been collecting funds from both parties have had robbed people upon doing do, while the UNP was indicative of the commission at a higher magnitude, sources said. 

Several leading businessmen who are funding for election campaigns have informed the two parties that they are having financial difficulties at this time too, reports further claimed.

It is also a problem for both parties for they had recklessly spent the money they had accumulated in the first round for instant propaganda. Although the Pohottu party paid massive amounts of money for the campaign that began on August 11, it did not yield much, and the UNP has been in trouble for the past two weeks, spending huge amounts of money on newspaper and internet advertising.

Meanwhile, China and India,  who are generally involved in major financial interventions in any major election in Sri Lanka (which neither party is willing to openly admit, but is the truth), are also showing up to the last minute, which has affected both the UNP and the SLPP, according to sources.