(UDHAYAM, COLOMBO) – State Minister of Finance Lakshman Yapa Abeywardena says the government is committed in turning the country’s economy into a favourable position.
Speaking to an online news portal in the isle, the State Minister said government income has increased significantly within the past few months.
State Minister Abeywardena said the income of state institutions has seen an increase as a result of proper management.
He said the Ministry of Finance ensured that an agreement was signed between the Ministry and state institutions which were considered a burden 3 months ago, in order to ensure such institutions implement a program to curb their spending.
State Minister Lakshman Yapa said the agreement ensures proper management, curbing of expenditure and ensuring such factors comes under the purview of the Ministry of Finance.
State Minister Abeywardena said the government has seen a rise of 32% in profits through the summation of all state institutions.
Meanwhile, State Minister Abeywardena said positive outcomes can be expected over future foreign investments in the country.
State Minister Lakshman Yapa said it is evident that the transactions and investments carried out by international bodies is rather successful, adding that the World Bank had made a favourable statement about Sri Lanka in this regard.
State Minister Lakshman Yapa Abeywardena said he believes the country can move forward through a set timeframe via investments and agreements made with countries such as Japan, China and India.
President Maithripala Sirisena also recently said that the country has moved on to an avenue of economic development.
The Head of State said the country will not be subjected to any form of economic conflict in future.
