Treasury forecasts 3.1% GDP growth in 2025, lower than CBSL, IMF projections

Finance Ministry gives 2025 growth projection at CoPF 1H fiscal performance review, CoPF Chair MP Dr. Harsha de Silva asks Treasury officials for fiscal impact on 2025 economic growth target, Points to discrepancy between, Central Bank and Finance Ministry foreign reserve forecasts, Treasury growth projection lower than CBSL’s 4.5% and IMF's 3.5% estimates

- 

TREASURY officials have told the Parliamentary Committee on Public Finance (CoPF) that based on the strong fiscal performance in the first half of the year, the economy was expected to expand by 3.1% in 2025, the Parliament Secretariat said.

At a recent review of the income, expenditure, and debt conditions during the period, CoPF Chairman MP Dr. Harsha de Silva asked the officials if the economic growth target could be met based on the fiscal data they presented. “Finance Ministry officials said that it can be assumed that economic growth will be around 3.1% this year,” a statement from the Parliament Secretariat said.