Treasury Secy., CBSL Chief give thumbs up for 2025 Budget

Wednesday, 19 February 2025 00:10 -     - {{hitsCtrl.values.hits}}

Finance Ministry Secretary Mahinda Siriwardana

Central Bank Governor Dr. Nandalal Weerasinghe

Ernst & Young Sri Lanka and Maldives Country Managing Partner Duminda Hulangamuwa


Treasury Secretary Mahinda Siriwardena and Central Bank Governor Dr. Nandalal Weerasinghe yesterday indicated thumbs up for the 2025 Budget presented by President and Finance Minister Anura Kumara Dissanayake on Monday.

Speaking at the E&Y’s 25th anniversary post-budget Forum, the duo spoke of the challenges prior and the progress made since leading up to a favourable Budget 2025.

They said that even in the recent past Budget estimates were questioned but 2024 proved that Sri Lanka could achieve desired goals amidst challenges.

In the same vein, they expressed confidence that the 2025 Budget forecasts were realisable.

CBSL Chief Dr. Weerasinghe said that prudent fiscal management helped a similar monetary policy implementation and intervention.

He also said that the 2025 Budget was good for the country and in the right direction. He recalled that in the past changes in governments ensued reversal in policies but in 2025 it wasn’t the case and pointed it to political maturity and pragmatism in the past of President and Finance Minister Anura Kumara Dissanayake.

On his part Treasury Secretary Mahinda Sirwardena too emphasised that the 2025 Budget manifested a continuity in the basic macroeconomic fundamentals that are needed to ensure economic stability.

He said that the 2025 Budget was another important step in Sri Lanka’s journey of recovering from the deep and complex economic crisis. He added that the 2025 Budget ensures a continuity in fiscal discipline and a stable macroeconomic path.

Siriwardena stressed that the Government alone can’t take the economy to the next level. “The major driver of economic expansion will be the private sector, particularly when it comes to growth of exports, investment and job creation.”

“The same applies to the elimination of corruption. It is crucial that we all take responsibility as stakeholders in Sri Lanka’s economic recovery and make our contribution to improving the economic prospects,” he said.

“The 2025 Budget has provided clear direction on the way forward for the country. It is up to all of us to convert this vision into a reality which would create a prosperous and inclusive economy that would benefit all Sri Lankans,” Treasury Secretary Siriwardena emphasised.

 

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