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Sri Lanka inflation could top 40%, warns PM Ranil Wickremesinghe

'We have no rupee revenue, and now we have to print another (one) trillion rupees,' he said

Ranil Wickremesinghe, Sri Lanka PM
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"With the interim budget, it is just about cutting down expenditure, cutting to the bone where possible and transferring it to welfare," Wickremesinghe, who took office two weeks ago, said in an interview.

Colombo
4 min read Last Updated : May 24 2022 | 11:14 PM IST
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Sri Lanka's new Prime Minister Ranil Wickremesinghe said on Tuesday he will present an interim budget within six weeks, slashing infrastructure projects to re-route funds into a two-year relief programme

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics : sri lanka Economic Crisis Ranil Wickremesinghe

First Published: May 24 2022 | 10:54 PM IST

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