Are we sure what actually caused this? The BBC and other MSM claim that it's because it cut taxes and led to a collapse in government revenue.
The government also banned fertilizers, which led to a precipitous decline in agricultural output, but that was a way to save on foreign currency reserves.
I have also seen claims that this is because it got Chinese loans with heavy strings attached.
Are we sure what actually caused this? The BBC and other MSM claim that it's because it cut taxes and led to a collapse in government revenue.
The government also banned fertilizers, which led to a precipitous decline in agricultural output, but that was a way to save on foreign currency reserves.
I have also seen claims that this is because it got Chinese loans with heavy strings attached.
I thought it had to do with China.