SRI LANKA’S PRIME MINISTER SAYS HE WILL SLASH EXPENDITURE IN NEW BUDGET

Source: Reuters May 25, 2022

• Ranil Wickremesinghe took office two weeks ago
• New finance minister to be appointed on Wednesday
• Government planning two-year relief package
• Inflation could top 40%, protests continue as hardship grows

COLOMBO, May 24 (Reuters) - 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 for the crisis-hit island nation.

Read More