|Most Western countries American Municipalities had good lived with their future earnings and now they are, if not fully, almost bankrupt.
Incumbant Sri Lankan govt also did the same by importing automobiles, Petrolum products to go with that and everything else that they can import.
Now, Sri Lanka is also ready to belly up.
Inflation is 4.9. Estimated Growth rate (how ever it is calculated) is 7.2%. That is just 03 years after the end of the war.
A drop in Sri Lanka's economic growth rate this year is driving President Mahinda Rajapakse to intensify his government's budget-cutting measures, even as surveys show that about half the population is already struggling to pay for food and housing.