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....
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...
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...
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...
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 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.
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......