The Hon. Ravi Karunanayake
Hon. Ravi Karunanayake questioned how the Government plans to achieve the IMF-agreed 2025 growth target of about 15 per cent, or roughly Rs. 5,000 billion in GDP expansion. He argued that inflation targeting alone would be insufficient and asked what measures would be taken to attract domestic and foreign investment, empower SMEs, and expand the economy.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Thank you for the detailed reply. Under the agreement with the IMF for 2025, GDP needs to grow by about 15%—around Rs. 5,000 billion. For that, you need investment. You said we must look to our own policies and create paths to attract domestic and foreign investment. Achieving 15%—Rs. 5,000 billion—is not easy; it cannot be done by inflation targeting alone. How will we empower SMEs, expand the economy, and find that Rs. 5,000 billion?
Provenance
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- Hansard, Tuesday, 7 January 2025 ·No. 1736487038022510 ·English daily/uncorrected Hansard
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/lk/speeches/15918
Cite as: The Hon. Ravi Karunanayake. 10th Parliament, Parliament of Sri Lanka. Hansard, 7 January 2025. No. 1736487038022510. Politick, https://staging.politick.io/lk/speeches/15918