The Hon. (Prof.) Anil Jayantha
Agreed that guidelines and inflation targeting alone are insufficient, the speech referred to the State Financial Management Act and IMF-linked GDP projections underpinning 2025 revenue and expenditure limits. It noted limitations in statistical modelling such as ARDL, and stated that the fiscal framework targets revenue at 15 per cent of GDP and expenditure at 13 per cent, supported by proposed fair fiscal measures. The central policy objective identified was increasing production through expanded investment, with the programme to be adjusted and reformed as needed.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Member, agreed; we cannot rely on guidelines and inflation targeting alone. Under the State Financial Management Act, we have expenditure and revenue limits for 2025, based on GDP projections prepared with IMF involvement. Statistical packages, including ARDL, have limitations. We are within a framework that expects revenue at 15% of GDP and expenditure at 13%, and we have proposed fair fiscal measures. Our main objective is to increase production through expanded investment; our program will be adjusted and reformed accordingly.
Provenance
- Source
- Hansard, Tuesday, 7 January 2025 ·No. 1736487038022510 ·English daily/uncorrected Hansard
- Page · column
- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
- Permalink
/lk/speeches/15919
Cite as: The Hon. (Prof.) Anil Jayantha. 10th Parliament, Parliament of Sri Lanka. Hansard, 7 January 2025. No. 1736487038022510. Politick, https://staging.politick.io/lk/speeches/15919