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.
Courtesy of dailynews.lk
