With the political wrong steps, Srilanka has become an example of economic deficits and how people suffer for it. Bomb blast in past, pandemic situations has thrown Srilanka into debt in billions.
Even record inflation and lack of foreign have made it witness a huge fall and unprecedented economic crisis.
With the national expenditure crossing its income and its imports exceeding the exports, it’s crystal clear that Srilanka may not be able to put itself together unless and until it gets help from other countries.
Top of all, it’s the people who are suffering a lot because of the alleged government mismanagement. The grocery rates have touched the sky, with lemon being 60 rupees.
With its inability to pay for required imports, including fuel, the situation has led to severe power cuts lasting up to 13 hours.
All these factors are making the worst impact on both rich and poor Sri Lanka people. Due to all these factors, people’s protest against the Sri Lankan President is raging.
As a last hope, the Srilanka government has also sought loans from India and China Asian Development Banks.
This post was last modified on 7 April 2022 10:20 am
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