According to the World Bank the Sri Lankan economy is going to contract by 9.2% in 2022 and a further 4.2% in 2023. This is what we call an economic depression. Given the Budget that was just announced, I argue we are going to see an even larger contraction next year. What does this contraction mean? It means people are losing their income streams, with unemployment on the rise and livelihoods disrupted. A food crisis linked to the crippling of the economy is leading to increased malnourishment and starvation. We are going to lose a generation, as our children’s education and wellbeing are affected.