Sri Lanka economic crisis triggers authorities spending cuts – BBC Data

Sri Lanka economic crisis triggers authorities spending cuts – BBC Data

The Sri Lankan authorities has announced spending cuts, warning that it has barely ample income to pay salaries and pension of public servants.

A spokesman acknowledged the economic crisis this twelve months used to be going to be worse than
expected.

Closing twelve months, Sri Lankans faced shortages of meals, gasoline and diverse overall presents after a authorities policies and the pandemic had depleted international reserves and left the nation on the point of economic waste.

Prolonged gasoline queues and energy outages sparked months of mass unrest, culminating within the storming and occupation of then-President Gotabaya Rajapaksa’s legit office and impart in July, forcing him to flee the nation.

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