Deputy Minister of Economic Development Dr. Anil Jayantha announced that Sri Lanka’s economic growth has rebounded to 5% in 2024, surpassing earlier estimates of 3% for 2026 and 2027.
The government remains optimistic about sustaining this momentum through 2025 and beyond.
Dr. Jayantha also noted a significant increase in government revenue, which rose from 8.2% to 13.5%, crediting the Inland Revenue, Excise, and Customs Departments for consistently achieving their monthly collection targets.
Foreign reserves have also improved, reaching $6.5 billion by the end of March, with expectations of surpassing $7 billion next year.
