Economy moving as planned, says deputy Finance Minister

Colombo, June 17 (Daily Mirror) - Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando yesterday expressed confidence that Sri Lanka’s economy remains on course to achieve its medium-term growth targets, citing the country’s 5.1% economic growth in the first quarter of 2026 as a positive indicator.

Speaking at a media briefing, Dr. Fernando said the first-quarter growth reflects that the economy is progressing as planned towards the government’s medium-term goal of achieving inclusive and sustainable economic growth of 7%.

However, he clarified that the 7% target is not expected to be reached this year, as it is a medium-term objective rather than a projection for 2026.

“The economy is moving along the expected path. Growth rates such as 5.1% and 5.5% over time will help us achieve the planned trajectory towards the medium-term target,” he said.

Dr. Fernando also said the government is continuing consultations with key stakeholders, including line ministries, donor agencies, development partners and other parties involved in the country’s economic recovery.

“We are having continuous discussions. Sometimes this information may not be communicated well to society. Every day, we are engaged in these discussions,” he said.