Now Treasury needs to raise Rs 65 Bn to bay CB
Calculate how much concessions given to public sector as a election promise because Ravi and RW cannot risk not fulfilling them and go for June election
Where will that money come ? Saving corruption ? If you think so you don't understand numbers. Anyway in SL 60% fail O/L maths. So no wonder they can't count the zeros' in large numbers
Money has to come either by printing money which means inflation or by short term borrowing which means high interests
Another thing for sure. No investments on infrastructure development for along time as little money available needs to be spent on consumption
This is what I understand. I am not an economist. But an investor scared like hell