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?
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