President Wickremesinghe Unveils Plans to Boost Investment with Underutilized Government Land

President Ranil Wickremesinghe, also an independent presidential candidate, announced that Sri Lanka is now capable of servicing its debt without printing money or borrowing from banks, relying solely on tax-generated revenue.

He emphasized that the stabilization of the macroeconomy and debt has allowed the country to focus on growth, with a five-year plan aimed at achieving a 5% annual growth rate by 2027. Key legislation like the Economic Transformation Act has been codified to ensure long-term economic stability.

The President outlined plans to revive construction projects and attract both foreign and local investments, offering investors new opportunities to build and expand.

This initiative marks a significant step towards economic growth and development in Sri Lanka, showcasing the government's commitment to a prosperous future.