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Economy
Central Bank Governor Dr. Nandalal Weerasinghe

2025 Budget "A Good Budget for the Country" - CBSL Chief

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In a recent discussion held in Colombo, Central Bank Governor Dr. Nandalal Weerasinghe clarified that the 2025 budget is not an IMF-driven budget but rather a comprehensive fiscal plan aimed at supporting the nation's economic recovery. Dr. Weerasinghe, who has years of experience in IMF discussions, emphasized that the budget focuses on national stability and long-term economic growth.

"The revenue target for this year is set at Rs. 5 trillion, and we are aiming for a primary surplus of 2.3%. However, it is essential to have a buffer to absorb any short-term pressures on government securities, ensuring the stability of interest rates in line with our monetary policy," he explained.

The Governor also highlighted that despite changes in administration, the country’s commitment to maintaining macroeconomic stability has remained steadfast. He expressed optimism about the country's economic journey toward achieving a 5% growth rate by 2025, reassuring stakeholders that the direction of macroeconomic policies remains unchanged.

Dr. Weerasinghe emphasized the importance of staying within the parameters of the IMF program as a positive government responsibility, reiterating that this budget is tailored to benefit Sri Lanka, rather than being an externally imposed framework.

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