As the island nation struggles with the biggest financial crisis in recent memory, Sri Lanka revealed plans to reduce its army by roughly a third by next year after defaulting on its debt for the first time.
The announcement is made by the Sri Lankan government, whose annual budget is claimed to be dominated by military spending.
Premitha Bandara Thennakoon, the deputy defense minister of Sri Lanka, described sustained economic growth and military prowess as “two sides of a coin, which stay together, but never communicate to each other in open.”
Defining the justification for reducing the number of soldiers from the current level of over 0.2 million to 135,000 by 2024
