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SL budget deficit widens compelling Govt to prune public spending
The government expenditure surpassed Government revenue by 83.0 percent resulting in a budget deficit of Rs. 524.1 billion which is 0.7 percent higher than the Rs.520.5 billion budget deficit in the same period of 2021
ADB forecasts Sri Lankas growth to contract by 7.6 percent
The Asian Development Bank (ADB) says Sri Lanka’s growth is forecast to contract by 7.6% in 2022 and economic activity will remain subdued in 2023.
China offers support for new SL President amidst US experts doubts
Sri Lanka is seeking US$ 5 billion emergency loan facility from China during the past several months but to no avail up to now although Chinese President Xi Jinping has pledged support the country’s new President Ranil Wickremasighe,foreign affairs analysts claimed.
Sri Lanka: Shameful, brutal assault on peaceful protestors must immediately stop
The new Sri Lankan President must immediately stop the shameful, brutal assault on peaceful protestors, Amnesty International said today after the military carried out a pre-dawn attack on the peaceful protest site outside the Presidential Secretariat, ‘GotaGoGama’, hours before the protestors were due to vacate the area in Colombo.
RIGHT TO PEACEFUL PROTEST IS AT THE HEART OF DEMOCRACY
The swearing in of the new cabinet of ministers by the new president took place in the midst of chaos earlier in the day.