The New Year celebrations this year were low key compared to the past. The loud sound of crackers and other fireworks that traditionally accompany the dawn of the New Year were less than in the past. The economic burden on the people has begun to tell and was evident in the reduced purchase of new clothes and other items in preparation for the New Year. It can be surmised that the general population has less savings to utilize due to those savings being consumed in earlier months when people’s expenditures exceeded their income. The latest World Bank publication titled ‘World Bank Update: Bridges to Recovery’ released on April 2 shows that poverty has increased over the past four years—from 11 percent in 2019 to almost 26 percent in 2024 in Sri Lanka. According to it, approximately 60 percent of Sri Lankan households have decreased incomes, with many facing increased food insecurity, malnutrition and stunted growth.