Status for Sri Lanka
After gaining independence from its colonial rulers in 1948, Sri Lanka faced economic and political problems unprecedented in its history. Sri Lanka is currently trying to overcome this situation. A few days ago, Sri Lankans people continued to protest day and night about this situation.
The domestic situation has reached such a point that there is no food, no gas, and no order to put two handfuls of food in the mouths of family members. Even schools have stopped exams due to paper shortage. For some logical reason, the situation in the country reached a point where the national government was forced to declare itself bankrupt.
There are a few reasons for this situation in Sri Lanka. It is:
1. All development and material development in Sri Lanka is done with foreign loans. Due to non-payment, the amount of the debt is multiplied.
2. Lockdown has started in the country due to the Covid-19 pandemic. Most of Sri Lanka’s economy comes from tourism. The situation in the country has worsened due to the lack of tourists in the country.
3. Inflation in the country has reached such a level that it is difficult for people to buy daily food and fuel.
4. Unnecessary things.
5. Tax reductions The government decided to reduce taxes in 2019. Development accelerated, but the country had problems.
For example, a kilogram of rice costs 500 LKR (Sri Lankan taka), and a kilogram of sugar costs 290 LKR. As a result, angry people were forced to take to the streets to protest.
People began to flee this situation in the country and seek refuge in the Indian state of Tamil Nadu. The Indian government sheltered them and continued to provide humanitarian aid. However, the real intention of the Government of India is to send them back to their country.
This country has long been summarizing this situation. In September 2021, President Gobota announced the emergency of the economy in the Rajpal. According to the Central Bank, foreign currency verbs are only $ 2 billion. Public debt GDP increased from 5 % to 5 % in 2021. Current currency deficits are serious difficulties when delivering basic products, including fuel, electricity, paper, milk powder, and other basic products. The country has electricity a few hours a day, and Paper Writing has stopped even due to the lack of news newspapers. In March, the state’s general inflation exceeded 5 %. Food inflation was 8.2 %. This leads to terrible circumstances.
When the country is in poor condition, they go down the street and continue to move on. If the government’s government was forced to leave after two and a half months, they were forced to flee the country. Ministers and deputies on the street beat the country.
Currently, the new government is responsible for the country, and the state has canceled an emergency. Everyone hopes that the government can once again get into the country.
Now there is a view of how long this problem may be visible. Waiting now.
