Govt. has 3 economic policy priorities- FM

2019-02-21 at 17:56

Minister of Finance Mangala Samaraweera says ensuring continued access to global capital markets at an affordable rate to enable us to re-finance external debt this year, uplifting economic growth through Enterprise Sri Lanka and Gamperaliya and continuing the reform programme to build competitiveness of the economy are the government’s three major economic policy priorities.

Minister Samaraweera speaking at an event this morning said a key element would be the continuation of the International Monetary Fund programme which will signal to markets the continued commitment to disciplined, rules based economic management.

The Minister added the objective is to ensure responsible fiscal policies whilst enabling space to invest in targeted growth supportive measures.

The Finance Minister said having stabilized the economy, he is confident that Enterprise Sri Lanka and Gamperaliya will support economic growth and consumption which will in turn drive consumption growth and help all business activity as well.

The third priority he said is to continue reforms to enhance productivity and competitiveness.

In fact in the latter part of 2018 we began to see results of our efforts as Sri Lanka moved up 11 places in the Doing Business index.

The Minister also said the government is implementing a rules based economic framework that will create confidence in the sustainability of the policy outlook.

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