Govt to invest Rs. 3,000 Mn to fund digital economy

The government has allocated Rs. 3,000 million for digital development as part of its strategy to achieve its ambitious goal of generating US$ 15 billion through the digital economy by 2030.

President Dissanayake announced the allocation while presenting the 2025 Budget in Parliament today. 

To support this initiative, he announced plans to establish a Digital Economic Authority which he said would oversee Sri Lanka’s transition toward a cashless economy.

A key component of this transformation will be the Sri Lanka Unique Identity Project (Digital ID), designed to enhance security and trust in digital transactions. 

Additionally, Disssnyake said that the government has plans to introduce new legislations and strengthen existing laws to improve data privacy and digital security.