There were various alerts on Sri Lanka’s financial debt sustainability issued by community intellectuals as well as by popular Males and women.
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Naturally, if we experienced ample revenue and when our State coffers held a reasonable volume of foreign reserves, we wouldn’t have necessary to skip credit card debt servicing or suspend debt repayments, and This is able to not happen to be an issue.
However, it remains doable for domestic debt to become restructured and banking recapitalisation is critical.
The viewpoints expressed tend to be the writer’s personal views. They could not automatically replicate the views from the Advocata Institute or any one affiliated with the institute.
The reality is always that imports and exports are both good simply because they are two sides of the identical coin. We want exports for imports and imports for exports.
The cost of not applying reforms might be Significantly larger politically and economically, as it would be a cyclical result. Hence, the affordable selection would be to restructure reduction-producing SOEs. Sad to say, there isn't any other way out and delaying this further may invite darker decades Down the road.
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Prof. Amal Kumarage within a latest tweet has asked this concern really eloquently on independence and flexibility.
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