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<blockquote data-quote="BernieSanders" data-source="post: 27573235" data-attributes="member: 558133"><p>Okay thanks for the reply. I just wanted to see your point on why we should be cautious about implementing the austerity measures. But I do believe Sri Lanka needs to enact strict austerity measures and take this as an opportunity to get the country out of its 'welfare state' status. Get government spending as low as possible. There's no public resistance for that. You can convince them under current circumstances. Then try to deal with the repercussions afterwards. Try to increase the investor confidence, get FDIs, get the tourism sector moving and gradually alleviate the unemployment problem. I think this is the best opportunity to get the process moving, and even though we might suffer in short term, I think it's the best course of action.</p></blockquote><p></p>
[QUOTE="BernieSanders, post: 27573235, member: 558133"] Okay thanks for the reply. I just wanted to see your point on why we should be cautious about implementing the austerity measures. But I do believe Sri Lanka needs to enact strict austerity measures and take this as an opportunity to get the country out of its 'welfare state' status. Get government spending as low as possible. There's no public resistance for that. You can convince them under current circumstances. Then try to deal with the repercussions afterwards. Try to increase the investor confidence, get FDIs, get the tourism sector moving and gradually alleviate the unemployment problem. I think this is the best opportunity to get the process moving, and even though we might suffer in short term, I think it's the best course of action. [/QUOTE]
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