Prime Minister Ranil Wickremesinghe of Sri Lanka has agreed to quit after party leaders in Parliament requested both he and the embattled president resign on the day protestors stormed the president's mansion and office.

Dinouk Colambage, a spokesperson for Mr. Wickremesinghe, stated that the prime minister had informed party leaders that he would retire once all parties had agreed to form a new administration.

His decision came as the largest protest yet rocked Sri Lanka on Saturday, with tens of thousands of people breaking over barricades and invading President Gotabaya Rajapaksa's mansion and neighboring office to vent their anger against a leader they blame for the country's most significant economic crisis.

It was unclear whether Mr. Rajapaksa was present at his Colombo residence, but cell phone footage showed many people inside and on the grounds of the fortified home.

Hundreds more protestors, some holding national flags, also entered the nearby president's office.

Hundreds of demonstrators were shown on video running into the president's palace, yelling "Gota go home" and addressing him by his nickname. Outside of the structure, the barricades were toppled.

At the president's office, security personnel attempted to prevent demonstrators from storming the colonial-era parliament building that had been turned into his office.

At least 34 individuals, including two police officers, were hurt as demonstrators attempted to enter the residence. Police used tear gas at demonstrators.

According to hospital sources, two injured are in severe condition while others have suffered minor injuries.

After police lifted an overnight curfew Saturday morning, thousands of demonstrators entered Colombo from the outskirts.

Sri Lanka declared in April that it would halt the repayment of international debts due to a foreign currency shortfall. It owes 51 billion US dollars (£42.4 billion) in total foreign debt, of which it must repay 28 billion (£23.3 billion) by the end of 2027.

The economic crisis has caused a severe shortage of necessities such as fuel, cooking gas, and medicines, requiring people to wait in long lines to purchase the restricted supply.

The Rajapaksa political family, which dominated Sri Lanka for the last two decades, has been nearly toppled by months of protests.

One of Mr. Rajapaksa's brothers resigned as prime minister last month, and two other brothers and a nephew left their cabinet positions earlier; nonetheless, Mr. Rajapaksa has maintained his position of power.

Mr. Wickremesinghe became prime minister in May, and protests momentarily subsided, believing he might find money to meet the country's critical needs. However, people now want him to quit because he has failed to keep his commitments.