Facing crisis, Sri Lanka to cut spending 'to the bone'

People lining up for petrol in Sri Lanka - File pic

In an attempt to address the country’s worst-ever economic crisis, the prime minister of Sri Lanka says his government will be “cutting to the bone where possible.”

In an exclusive interview, Prime Minister Ranil Wickremesighne told Reuters the drastic moves will slash funding for infrastructure projects and cut food and fuel subsidies.