Speaking at a forum in Colombo, President Anura Kumra Dissanayake said the government aims to use the three-year debt moratorium granted and implement proper economic management to restore payment capacity.

He noted that while many countries in the world have taken decades to recover after facing bankruptcy, Sri Lanka is expected to achieve this in a significantly shorter period, he felt.

Dissanayake noted that this year’s budget proposes to increase government revenue to Gross Domestic Product (GDP) by 15.1 percent and emphasized the commitment to adjust expenditures based on identified national priorities.

He emphasized that expenditures are focused on expanding the economy by boosting activities in rural areas and integrating citizens.

In this regard, he expressed confidence that this approach will improve the economic benefits available to the people.

The head of state outlined plans such as the establishment of small economic units at the village level and the increase of small and medium enterprises (SMEs).

He also highlighted the government’s commitment to support industries and noted that reducing production costs will bring relief to consumers.

To establish an export-driven economy, the government plans to sign new trade agreements and anticipates higher export revenues this year.

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