Sri Lanka’s export earnings have increased to US$ 1,020 million and import expenses have reduced to a record US$ 961 million in June this year, Co-cabinet Spokesman, Plantation Industries and Export Agriculture Minister Dr. Ramesh Pathirana yesterday said.
“The government’s vision of encouraging domestic production by reducing dependence on imports has resulted in this situation and the growth of export earnings over import expenditure indicates that the country will be economically stable within a very short period,” the Minister said.
Speaking at the weekly Cabinet media briefing held yesterday at the Government Information Department, Minister Pathirana further said that the decision taken by the government to limit imports has also shown progressive results and the people of the country can now live with a hope of a vibrant economy.
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