Abstract
Sri Lanka Journal of Social Sciences (SLJSS) publishes social science articles on topics relevant to Sri Lanka in particular and South Asia in general. The journal also has a website at http://www.nsf.gov.lk/.
Highlights
The government, together with the Central Bank, has implemented a series of unprecedented relief measures and large-scale policy stimuli to help households and businesses adversely affected by the pandemic
The Agrahara insurance benefits were doubled for police officers, tri-forces and government employees and officials in the health sector who are engaged in COVID-19 preventive activities
The unemployment rate rose to 5.6 percent in the first quarter of 2020, compared with 4.8 percent in the corresponding period of 2019, as a consequence of the island-wide lockdown imposed from mid-March to mid-May 2020
Summary
The outbreak of COVID-19 pandemic has severe consequences on the Sri Lankan economy, which had already encountered multiple economic setbacks including low economic growth, fiscal imbalance, balance of payments deficits and foreign debt burden even prior to the pandemic. The government has taken steps to provide pandemic-related relief measures to the affected households as well as to distressed enterprises.
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