Sri Lanka's Foreign Reserves Reach $6.5 Billion

COLOMBO (News 1st); Deputy Minister of Economic Development, Dr. Anil Jayantha, announced that Sri Lanka's economic growth, initially estimated at 3% for 2026 and 2027, has rebounded to 5% in 2024. 

The government is optimistic about maintaining this growth rate through 2025 and beyond.

Dr. Jayanta highlighted significant achievements in government revenue, which increased from 8.2% to 13.5%. He praised the Inland Revenue Department, Excise Department, and Customs Department for consistently meeting their monthly targets.

Foreign reserves have also shown remarkable improvement, reaching $6.5 billion by the end of March. Projections indicate that reserves will surpass $7 billion next year.