Moody’s Investors Service has found that Sri Lanka’s debt sums to 80% of its national GDP, a ratio larger than instability ridden countries including Pakistan, Pakistan, Rwanda, Kenya and Ethiopia.
The investors service said that a sustainable rebound in real GDP growth will be essential to support future gains in Sri Lanka, reports lankabuisnessonline.com.
Sri Lanka aims to reduce its government deficit from 80% to 3.5% of its GDP by 2020.
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