Acting Finance Minister Shehan Semasinghe says that no future government will reverse the current economic reforms. The Minister points out that the rapid and difficult reforms carried out by the government to maintain financial discipline and transparency in a country are essential for a future sustainable economy. The Minister said this while addressing the 104th annual general meeting of the Colombo Rubber Traders’ Association on Friday.
The Minister said that the economy is moving in a more reliable direction by implementing ordinance regulations such as the Anti-Corruption Act for creating transparency, the Central Bank Act for further independence of the Central Bank and the Bank Special Arrangements Act for the protection of depositors and their deposits.
The minister said that the country’s economy will be able to reach the single-digit inflation rate by the end of July, which even the International Monetary Fund expected to reach in December. He further pointed out that Sri Lanka will become a country free from bankruptcy by September.
