Sajith urges Govt. to prioritise SMEs or risk another economic crisis
Daily FT
|July 30, 2025
Warns growth is essential to meet debt repayment targets by 2028 Criticises Govt.'s short-term fixes and lack of structural support Blames current SME struggles on Easter attacks, COVID-19, and economic crisis Slams banks for charging excessive interest rates to struggling SMEs Plans to propose motion in Parliament for transparency in SME credit decisions Urges banks to balance profits with responsibility and empathy
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OPPOSITION Leader Sajith Premadasa recently called on the Government to take urgent and practical action to address the challenges faced by small and medium enterprises (SMEs), warning that failure to do so could derail the country's fragile path to economic recovery.
Speaking following a recent meeting with SMEs at the Opposition Leader's Office, Premadasa emphasised that SMEs contribute over 50% of Sri Lanka's GDP and generate more than 4 million jobs, making them the backbone of the economy.
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