He noted that the situation was due to the dollar crisis and import restrictions.
The President's Secretary said that while many of the activities that drive Sri Lanka's economy have already fallen, a bad period has emerged for Sri Lanka.
He said this while addressing a function at the Kingsbury Hotel to discuss the introduction of Germany's leading business names to Sri Lanka.
He had never experienced such a difficult economic period in his lifetime. In the preceding period, the country's trade balance was better than ever before.
Before the restrictions were imposed, the country imported twice as much as it exports.World shipping and cargo prices have now increased. . When it comes to tourism and foreign remittances, the trade deficit is $10 billion a month. Today, the country is in debt of $4 billion.Sri Lanka has not faced difficulties in fulfilling its responsibilities in the past. The president's secretary added that many people were inconvenienced by the trade sanctions imposed in 2020.
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