During a conference held in Ruwanwella, Finance State Minister Ranjith Siyambalapitiya unveiled key findings from the latest Central Bank report, indicating promising trends in the country's economic landscape.
Highlighting the data, Minister Siyambalapitiya announced that March witnessed a modest inflation rate of 0.9%, with the non-food sector experiencing even lower inflation at 0.5%. These figures reflect a stable economic environment conducive to sustainable growth.
Moreover, the tourism sector showcased remarkable resilience, with earnings soaring from USD 162 million in February 2023 to USD 346 million in February of the current year. This substantial increase underscores the sector's recovery and potential for further expansion.
Additionally, Sri Lanka's official reserves registered a significant uptick, climbing from USD 2.2 billion in February 2023 to a robust USD 4.5 billion by February of this year. This surge in reserves underscores the country's strengthened fiscal position and resilience in the face of economic challenges.
