By 2030, the Sri Lankan army plans to reduce its numbers to 1,00,000. (Representational)
Colombo:
Sri Lanka will slash its army by a third to 1,35,000 by next year and to 1,00,000 by 2030, the defence minister said on Friday, as the country facing its worst economic crisis in more than seven decades tries to cut costs.
"Military spending is basically state-borne expenditure which indirectly stimulates and opens avenues for economic growth by way of assuring national and human security," Premitha Bandara Thennakoon said in a statement.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Track Latest News Live on NDTV.com and get news updates from India and around the world
