Sri Lanka has made big progress in fixing its economy, says a new World Bank report. The country has made one of the largest and fastest changes to its money matters in its history, equal to about 8 percent of its total wealth over three years.
Colombo, 11 Sep 2025
Sri Lanka has made big progress in fixing its economy, says a new World Bank report. The country has made one of the largest and fastest changes to its money matters in its history, equal to about 8 percent of its total wealth over three years.
Sri Lanka's Economic Changes
Sri Lanka made big changes to how it handles money. These changes helped make things more stable. But they also made life harder for people. Taxes went up, and government workers got paid less in real terms. The country also grew slower because the government spent less money on big projects. Now, Sri Lanka needs to focus on making its money work better for all its people. The World Bank says the country can do this by finding fair ways to get more money and spending it better.
Plans for the Future
The World Bank thinks Sri Lanka can get more money without hurting growth or being unfair. They say the country could increase its income by up to 2 percent of its total wealth by 2029. This can be done by changing how taxes work. The report also says Sri Lanka can use the money it has better. By spending wisely, the country can do more good things for people without needing more money. This means looking closely at where money goes and making sure it helps the right people.
Sri Lanka is now well-positioned to focus on making public finances work better for all Sri Lankans.
Sri Lanka will need to carefully plan its next steps to keep improving its economy and help all its people. Follow The Rising News for more verified updates.
Updated 11 Sep 2025, 13:13 IST; source: link
