Dr Harsha De Silva, lead Economist at the Colombo-based regional Information and Communication Technology (ICT) policy and regulation think-tank, LIRNEasia, said in an interview that the 'terrible economic management of the recent past' will hurt the 'urban poor who would be unable to meet their minimum dietary requirements to avoid hunger due to the unaffordable cost of living.'
The indirect cost interms of lost investments, lost tourism, lost opportunities and migration of skilled workers itself in much bigger than the Rs.170 billion the government will spend this year on the war
When the total revenue of the government is insufficient to meet even the debt obligations and defence expenditure, where is the money for all the others?
If a country can be developed by printing money, we would be the richest country in the world.according to the figures just released, the annual mean per capita annual income is only US$ 670, nowhere near the US$ 1,617,' Silva added.
Core Inflation is purely an internal measure of the CBSL
Central Bank of Sri Lanka
, and to use it to suggest inflation is low in Sri Lanka, is an insult to the intelligence of the people in this country. In my view inflation - the real measure that people feel when they visit the grocery store, will continue to dog us for the rest of the year,' Dr Silva said.