Sri Lanka’s economic performance will continue to be constrained due to weak global demand and uncertainty of Sri Lanka’s policy in 2016 concluded the Asian Development Bank’s annual economic report.
The Asian Development Outlook 2016 (ADO) report found that fiscal reform to deal with the build up of excessive debt was much needed in Sri Lanka.
On growth and the widening budget deficit, the report said,
“The Growth was marginally lower in 2015 while the current account deficit improved slightly and inflation moderated. Meanwhile, the budget deficit widened and foreign exchange reserves dropped sharply. The government twill have to work to realign fiscal policy toward putting the country on a high and sustainable growth track.”
See more here.
We need your support
Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.
Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view
We need your support in keeping our journalism going. Support our work today.
For more ways to donate visit https://donate.tamilguardian.com.
