State Minister of Finance Mr. Shehan Semasinghe says that inflation can be reduced to 8% next month.
The State Minister of Finance points out that it will happen by following the criteria of the International Monetary Fund.
Inflation in this country exceeded 65% and has been reduced to a percentage of about 14%.
He also said that it is due to the correct economic management policies of the government.
The Minister stated this at the International Monetary Fund, Debt Restructuring workshop held yesterday (11) in Kandy to educate professionals, officials, businessmen, university students and journalists.
He said that it was possible to bring down inflation to a significant percentage because the advice of the International Monetary Fund was properly followed.
He also said that the fund, which has representation from 190 countries, will advise the country to strengthen it economically and will not impose conditions on a country in any way.
He also emphasized even though that some say the government will cut the money in the bank accounts through the recent debt restructuring, but the government will not come to such decisions at all.
The minister also emphasized that the debt burden, which is 128% of the gross national product, was reduced to 95% through debt restructuring.
The Minister also said that by passing these thresholds, it will be easier to get the next loan installment of the International Monetary Fund and Sri Lanka has now reached an optimal level in terms of economic management.
Minister of State Shehan Semasinghe further stated that Sri Lanka has become the best example among the countries that are rebuilding after the crisis.
