Govt. commits to anchor recovery on fiscal discipline, reforms and digitalisation

Treasury Secretary says financial discipline key to stabilising economy and guiding future policy

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Governance and reporting reforms, including independent directors at State banks, being advanced

Legislative changes to be presented to Parliament before year-end to strengthen reform agenda

Digitalisation of Govt. services seen as central to building a modern economy and public sector Says growth is taking shape, confidence is getting back into businesses to invest and expand, for FDI to flow into the country

SRI Lanka's economic recovery will continue to be anchored on fiscal discipline, with the Government preparing a set of governance, legislative and digital reforms to strengthen stability and sustain growth into 2026, Treasury Secretary Dr. Harshana Suriyapperuma said yesterday.

Addressing the Annual Conference on Public Sector Reforms for Economic Revival organised by CA Sri Lanka and the Association of Public Finance Accountants, he said the administration is operating under tight timelines, with the budget cycle underway and the IMF's fifth review in progress.

"The good news is, as a nation, we are in a better place, much better than we were. One of the key reasons behind that achievement and the journey is the financial discipline. The present administration has implemented and is diligently following up on those lines to make sure we will continue the journey better than how it was before," he said.

The Treasury Secretary's remarks come as the Central Bank reported the overall budget deficit for the first eight months of 2025 had fallen 54.9% year-on-year to Rs. 411 billion, compared with Rs. 911 billion a year ago.