Sri Lankan President Ranil Wickremesinghe instructs Ministries to slash 5% of funds allocated in Budget
Sri Lankan President Ranil Wickremesinghe. File | Photo Credit: AFP President Ranil Wickremesinghe has instructed his Ministries to slash 5% of their estimated expenditure allocated in this year’s Budget as Sri Lanka’s Treasury was facing an acute shortage of funds, exacerbating fears that the cash-strapped country’s economic crisis could be even worse than previously anticipated. … Read more