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Sri Lanka’s decision to reduce the size of the army to get out of the economic crisis NewsPipa

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Colombo: Sri Lanka has decided to reduce the number of soldiers as well as cut spending to get out of the economic crisis. According to the World News Agency, Sri Lanka will gradually reduce the number of soldiers by a third by next year. While this number will increase to one lakh by 2030. The size of the armed forces in Sri Lanka between 2017 and 2019 was 3 lakh 17 thousand, which according to the World Bank ended in 2009 with the Liberation Tigers of Tamil Eelam 25 It was even higher during the years-long conflict. According to Verit Research, a think tank based in the capital Colombo, the defense sector’s share of Sri Lanka’s total spending reached 2.31 percent of GDP in 2021, with some of that in 2022. That was a decline.

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