Prof. Hudson McLean

How Turning the Educated Applicants into Skills to Attract Foreign Employment to Contribute towards External Debt!

Monthly Wage Target – Euro 2000-;+++

PS: Improve English Language Skills! – COMPULSORY

Teach Etiquette & Modern Manners! – Very Important

Better Personal Presentation Skills! – Critical at First Impression!

Note to: DP Education!

Contribution Target towards  Recovering External Debt.

Target 10,000 Graduates and Special Skills for Overseas Jobs/Year

Sri Lanka External Debt 1970-2024

Sri Lanka External Debt 1970-2024

Sri Lanka External Debt 1970-2024 Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt …

Data are in current U.S. dollars.

• Sri Lanka external debt for 2022 was $58,712,654,401, a 0.03% decline from 2021.
• Sri Lanka external debt for 2021 was $58,732,518,598, a 3.27% increase from 2020.
• Sri Lanka external debt for 2020 was $56,874,445,630, a 1.35% increase from 2019.
• Sri Lanka external debt for 2019 was $56,117,855,647, a 6.04% increase from 2018.

 Foreign Debt Summary (as of end April 2022)

By the end of April 2022, total outstanding external debt of the central Government was US$ 34.8 billion.

https://www.erd.gov.lk/index.php?option=com_content&view=article&id=102&Itemid=308&lang=en

Special Vocational Skills Needed in UK-EU-USA

*ICT – Information & Communications Technology

*Software Developers

*Medicare – Nurses – Eldercare – Childcare – Hairdressers – Cooks

Simple Calculation

Minimum Monthly Wage Target – Euro 2000

Annual Wage Target – Euro 24,000 less tax

The Carrot & the Stick!

Employee repatriation of 10% – Euro 2000 

Total repatriation by 10,000 – Euro 20,000,000/year

Adding 10,000 recruits each year compounded on wages of earlier!

Most EU member States Do Not Allow Citizenship for non-EU foreigners up to seven (7) years continuous residence.

Therefore the Renewal of Passports may be Conditional to Repatriation of 10% of Gross Income to Sri Lanka or Deny Renewal of Passport.

Increase Tourism!

Increase Exports!

Increase Local Production for Domestic Consumption

Add Taxes on Unnecessary Luxury Imports!

Add Levy for non essential Foreign Travel!

Restriction on import of Luxury vehicles!

——ENDS——

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