Sri Lanka's foreign reserves reach $6.5 Billion

 The announcement was made by Deputy Minister of Economic Development, Dr. Anil Jayantha, who expressed optimism about sustaining this momentum into 2025 and beyond.

Dr. Jayantha credited the resurgence to a series of fiscal and structural reforms, alongside improved performance in revenue collection. Government revenue rose sharply from 8.2% to 13.5%, marking a major turnaround in fiscal management.

“The Inland Revenue Department, the Excise Department, and the Customs Department have consistently met and even exceeded their monthly targets,” Dr. Jayantha noted during a press briefing. “Their efforts have played a pivotal role in this economic revival.”

Foreign reserves also saw a significant boost, climbing to $6.5 billion by the end of March. Economic projections suggest that reserves will surpass $7 billion by 2026, strengthening Sri Lanka’s financial stability and investor confidence.

The government remains focused on long-term sustainable growth through targeted reforms, investment in key sectors, and enhanced public financial management.