SEC chairman urges government to include capital market development in upcoming budget
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Securities and Exchange Commission Chairman Senior Prof. Hareendra Dissabandara has called on the government to include capital market development in the forthcoming budget to support national growth.
Speaking on Tuesday at an investor forum, Dissabandara warned that Sri Lanka cannot reach higher growth by relying excessively on government borrowing and commercial bank credit.
He said recent growth of 4% to 5% is insufficient, stating the country should target 7% to 9% supported by equity and corporate debt.
Dissabandara added that the SEC and Colombo Stock Exchange have prepared budget proposals to encourage listings, introduce new financing instruments, and attract institutional investors.
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How the story developed
- සිPresident Dissanayake proposed a digital transformation authority, an AI center, and student broadband internet vouchers.
- සිPresident Dissanayake allocated 200 million rupees for a Katunayake Airport flyover to support re-exportation centers.
- தHarsha de Silva criticized the budget for lacking structural change and maintaining previous expenditure levels.
- සිOpposition Leader Sajith Premadasa accused the government of concealing economic data and manipulating budget figures.
