Sri Lanka’s debt burden is higher than Ethiopia, Uganda & Ghana-Apr 09 2018 (LBO)
Sri Lanka’s government revenue as a share of GDP is lower than many peers, while the government debt-to-GDP ratio is much higher, Moody’s Investors Service said in a statement.
Debt-to-GDP ratio in Ethiopia, Uganda and Ghana among other countries is lower than Sri Lanka even though revenue-to-GDP ratio in these countries higher than Sri Lanka.
Moody’s Investors Service said Sri Lanka’s very large debt burden and weak debt affordability weighing on country’s sovereign credit profile.
Cont...http://www.lankabusinessonline.com/sri-lankas-debt-burden-is-higher-than-ethiopia-uganda-ghana/