Sri Lanka's IMF Sacrifice

The article on wsws.org criticizes the 2025 budget announcement, particularly focusing on wage increases. It argues these increases are insufficient to offset rampant inflation, effectively resulting in a real-terms pay cut for workers. The article frames this outcome as being deliberately aligned with the International Monetary Fund's (IMF) austerity measures, which demand substantial reductions in government spending. The author suggests that the government is prioritizing adherence to the IMF's fiscal directives over the financial well-being of its citizens. The budget is thus portrayed as a tool for imposing economic hardship on the working class in the name of fiscal responsibility as dictated by international financial institutions. The main focus is the claim that wage increases are not keeping pace with inflation because the IMF demanded that the government slash state expenditure. find the original article here: https://www.wsws.org/en/articles/2025/03/11/nnzb-m11.html