The Hon. (Dr.) Najith Indika
Hon. (Dr.) Najith Indika noted that the Special Sitting was convened to present the Government’s Fiscal Strategy Statement under the State Finance Management Act, No. 44 of 2024, setting medium-term fiscal targets for 2026–2030. He said the statement is especially important after three years of economic contraction and amid the IMF programme, outlining targets by 2030 including a 2.3% primary surplus, revenue of 15.4% of GDP, expenditure of 19.2% of GDP, and a 3.2% budget deficit. He stated that the Government, nine months after taking office, is working to recover from the collapsed economy it inherited.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Presiding Member, today marks the first time we convene a Special Sitting to present a Government’s Fiscal Strategy Statement to Parliament under the State Finance Management Act, No. 44 of 2024, setting medium-term fiscal targets for the next five years (2026–2030). After three years of economic contraction and operating within an IMF programme, discussing fiscal and fiscal targets at this decisive moment is vital. The Statement targets, by 2030, a primary surplus of 2.3% of GDP, reducing government expenditure to 19.2% of GDP, increasing revenue to 15.4% of GDP, and reducing the budget deficit to 3.2%. About nine months since taking office, this Government is working to move the economy forward from where it fell. We inherited a collapsed economy.
Provenance
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- Hansard, Monday, 30 June 2025 ·No. 1752037071094166 ·English daily/uncorrected Hansard
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Cite as: The Hon. (Dr.) Najith Indika. 10th Parliament, Parliament of Sri Lanka. Hansard, 30 June 2025. No. 1752037071094166. Politick, https://staging.politick.io/lk/speeches/28155