Tag: Sri Lanka

  • Sri Lanka’s Economic crisis and Debt trap dilemma

    Sri Lanka’s Economic crisis and Debt trap dilemma

    The island nation is facing financial meltdown. Sri Lanka’s Economic crisis escalated with its declaration about the failure to repay its debt of more than $83 billion. Reasons behind Sri Lanka’s Economic crisis Twin deficit The island nation is facing a sustained twin deficit. Twin deficit(Budget shortfall +Current Account Deficit). Country’s national expenditure is more…