Austerity steps revised
The interim government has revised austerity measures for the current financial year (2025-26), dropping the provision of saving 20 per cent power and fuel oils from allocations under the annual budget...
Tags : austerity
AUSTERITY DRIVE:聽Lanka orders ex-leaders to move out of deluxe mansions
Sri Lanka鈥檚 leftist government asked former presidents, including the once-powerful Rajapaksa brothers, on Tuesday to immediately vacate luxury government bungalows as part of a new austerity drive....
Power cuts, austerity reveal energy crisis
Intermittent power outages despite substantial drop in the electricity demand together with the new austerity instruction issued on Monday underscore the country鈥檚 declining energy capacity...
Sri Lanka votes in presidential election
Cash-strapped Sri Lanka voted for its next president Saturday in an effective referendum on an unpopular International Monetary Fund austerity plan enacted after the island nation鈥檚 unprecedented financial crisis...
Bangladesh govt renews austerity measures for FY25
The government on Thursday renewed the austerity steps by suspending the block allocation under the current operating budget after deviating from the ban on vehicle purchases in the just-concluded FY24 amid resource crunches.聽...
Govt mustn鈥檛 walk back austerity steps amidst economic decline
THE government鈥檚 plan to walk back austerity measures, even if partly, in the national budget for the 2025 financial year only because the measures that have been in place have failed to produce result appears impractical. Such a proposition of reversal would...
Turkey unveils 3-year austerity plan to slow high inflation
Turkey announced Monday a three-year austerity plan aimed at reducing public spending to calm inflation that reached heights of nearly 70 pe rcent year-on-year in April.
Quader requests country鈥檚 people to maintain austerity
The ruling Awami League general secretary Obaidul Quader on Thursday requested the country鈥檚 people to maintain austerity as per Prime Minister Sheikh Hasina鈥檚 call to the nation to do so......