CBSL governor says 2023 Budget focuses on economic recovery and stability

 

The Governor of the Central Bank of Sri Lanka (CBSL) says the Budget 2023 concentrates on recovering the economy and how to stabilize it moving forward. 

Joining a special post-budget discussion, Dr. Nandalal Weerasinghe stated that since the beginning of the economic crisis, the focus had been on the short-term measures that would help regain macroeconomic stability and a medium- to long-term economic recovery. 

As the economy contracted due to certain policies in the past, the government was compelled to take quick decisions to get out of the crisis to prevent the economy from going deeper into the crisis as any delay could elongate the recovery process, the central bank governor said further. 

Meanwhile, Finance Secretary Mahinda Siriwardana, who joined the discussion stated that in the 2023 Budget, the government has prepared a path which could consolidate the measures that have already been implemented and strengthen the situation in the country while creating an environment where the economic activities would be taking place.