President Anura Kumara Dissanayake has said that 1.35 trillion government investment is expected to be allocated as capital expenditure in the upcoming budget, marking the largest amount spent by a government for capital expenditure in recent times.
The President said this while attending the 2025 Economic Summit held at the Colombo Shangri-La Hotel yesterday (28) afternoon.
The summit, organized by the Ceylon Chamber of Commerce under the theme "Transformational Growth", focused on preparing Sri Lanka for a transformation in South Asia based on political stability, debt restructuring, and improving sovereign credit ratings. It also aimed to foster comprehensive economic growth in 2025.
Furthermore, The President stated that the government anticipates an economic growth rate exceeding 4% this year, and achieving this target requires creating the necessary facilities for direct foreign investments.