Sri Lanka Brodcasting Corporation

Mon10152018

Last updateThu, 13 Sep 2018 10am

Local News

The Ministry of Education points out that the economy of Sri Lanka has leaped forward to a progressive and rapid growth in spite of the natural catastrophes.


Deputy General Secretary of the UNP Minister Akila Viraj Kariyawasam says that the economy of Sri Lanka has leaped forward to a progressive and rapid growth in spite of the natural catastrophes that posed a challenge to economic growth. The International Monetary Fund and the Central Bank of Sri Lanka have confirmed this development. The minister said that World Bank reports depict a 5.5 growth as of January 2017, reflecting the clear three year economic vision of the present government. He pointed out that no source of government revenue has been privatized. On the contrary the government has been able to produce an excess of 22 billion rupees in revenue, after 63 long years. 14 statistics, he pointed that state revenue which was 13.5 percent in 2015, rose to 14.2 percent in 2016. According to the 2016 Central Bank report, the entity earned a profit of 22 billion rupees in the said year. He called to mind that the government was able to minimize its borrowings and thereby implement effective economic management which aided in delivering the country from the debt trap it had plunged into.