Sri Lanka's economic turnaround beats IMF forecasts

Sri Lanka's economic turnaround beats IMF forecasts

The successful economic strategies that drove this change included:

To ensure fiscal stability, the government increased tax rates, improved tax collections, and introduced energy cost recovery pricing. Experts emphasized that to address the high debt burden, Sri Lanka must maintain a sustained annual growth rate of 5-6%. Additionally, they pointed out the crucial role of the private sector in leading export-oriented initiatives, which is vital for continuing low inflation and securing long-term economic prosperity.

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