Today is Sri Lanka... Tomorrow will be Delhi and Punjab... This is the condition of those who want freebies. Similarly, Venezuela has been pauped by every government free scheme. 90% of women have to run the house by doing prostitution... today is Sri Lanka and Pakistan, tomorrow will be the condition of Delhi and Punjab...
President Gotabaya Rajapaksa has imposed a state of emergency in Sri Lanka to deal with people stricken by the deepest economic crisis in 75 years, a historic recession and inflation. Army has been deployed on the streets by imposing a 36-hour curfew from Saturday. In fact, due to the stagnation of tourism due to covid, huge foreign debt and huge tax cuts in the form of election promises, the government treasury of the country became empty. Due to low foreign exchange reserves, the import of petrol and diesel became difficult.
Tax cuts After forming the government in November 2019, President Rajapaksa reduced the BAT rate from 15% to 8%. Due to this, there was a loss of 60 thousand crore rupees every year. Due to the downgrading of the world's top three agencies, cheap loans from the global capital market stopped, due to Covid, the tourism industry contributed 10% to the economy. When tourism came to a standstill due to Covid, unemployment reached its peak. Three lakh crore rupees new currency was printed, the price of the dollar was fixed at 200 Sri Lankan rupees, but the situation went on deteriorating.
Comentários