President Ranil Wickremesinghe stated that he expects to increase the growth rate of Sri Lanka’s economy up to 3% by the year 2025 and mentioned that steps would be taken to increase the salaries of government employees.
The President made these remarks during the celebration of International Nurses Day at the Temple Trees, today (12).
Addressing the gathering, the President mentioned that four key laws will be introduced to propel the country’s economy towards rapid development, along with fostering an export-driven economy. The first among them is the Central Bank Law, aimed at granting autonomy to the Central Bank is already enacted and the bills called Public Debt Management Law, the Public Finance Act, and the Economic Transformation Law are slated for submission to Parliament this June.
The President expressed his hope for everyone’s support in passing these new laws, stressing their significance in advancing the country. He highlighted the necessity of enshrining all agreements made with the International Monetary Fund (IMF) and other lending nations into law, underscoring the pivotal role these laws play in shaping the future of the country. He also appealed for the support of all political parties.
Reflecting on past economic instability, the President recounted how a coalition government was formed, transcending party lines, to steer the country towards recovery. He emphasized the success of this approach and urged unity in embracing the future economic agenda through the adoption of new laws.
