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RE: LeoThread 2025-01-16 13:03

in LeoFinance13 days ago

Part 4/10:

The crux of Sri Lanka’s recovery strategy can largely be attributed to the austerity measures enforced upon securing the IMF bailout. These include reduced government spending, increased tax rates, and the removal of subsidies vital to the lower-income populace. Understandably, these measures are aimed at reducing the budget deficit, but their implementation has been met with significant backlash due to the harsh impact on everyday life.