Sri Lanka's debt â there is an escape
By K. Godage
It appears that we are sunk in debt; the official estimate of what Sri Lanka currently owes its financiers is $64.9 billion — $8 billion of which is owned by China. The country’s debt-to-GDP currently stands around 75% and 95.4% of all Government revenue is currently going towards debt repayment.
This debt situation is clearly not sustainable, but there’s more:
In addition to racking up large amounts of Government debt via the usual ch