CAN SRI LANKA SURVIVE? By: Angelo Patrick 1. Underlying causes for the economic collapse a). Unsustainable fiscal deficit Long years of allocation of money for unproductive expenditure (Eg: even long after the war was over, defense had the highest budget allocation), continually sustaining loss-making State-Owned Enterprises (Sri Lankan airlines), Capital expenditure which yielded no return […]

CAN SRI LANKA SURVIVE?