President Announces Record Rs. 1,400 Billion Budget Allocation for Development

COLOMBO (News 1st); President Anura Kumara Dissanayake emphasized that this year’s budget has allocated the highest capital expenditure by a government in recent history for development activities, amounting to nearly Rs. 1,400 billion. 

The President stated that it is the responsibility of both the political leadership and state officials to ensure that these funds are utilized effectively to meet the economic growth targets before the end of this year.

President Dissanayake further stated that the general public, who are not involved, have fallen victim to the choices made by the political authority and state officials, stressing that this situation must not persist.

The President made these remarks yesterday while attending the Matara District Special Coordination Committee meeting held at the auditorium of the Matara District Secretariat.

Highlighting that the government expects an economic growth rate of 5% this year, the President stated that increased state investments will contribute significantly to this growth.