COLOMBO, Feb. 19 (Xinhua) -- Sri Lankan President Anura Kumara Dissanayake said on Wednesday that the government aims to utilize the three-year debt moratorium granted through debt restructuring effectively and implement proper economic management to regain debt repayment capacity by 2028.

The President's Media Division said Dissanayake made these remarks at the post-budget forum 2025 organized by the University of Colombo Master of Business Administration Alumni Association in Colombo.

The president noted that while many countries in the world have taken decades to recover after facing bankruptcy, Sri Lanka is expected to recover in a significantly shorter period.

The president added that this year's budget proposes to increase government revenue to 15.1 percent of gross domestic product and emphasized the government's commitment to prioritizing expenditures based on identified national priorities.

He said the budget focuses on expanding the economy by driving economic activities to rural areas and reducing production costs would ultimately provide relief to consumers.

The budget also prioritizes public expenditure management. Given the high costs associated with delivering public services, the government intends to conduct a comprehensive review of state institution expenditures, he said.

To establish an export-driven economy, the government plans to sign new trade agreements and anticipates higher export earnings this year, he said.

The current administration is focused on developing a port-centric economy and budget has placed special attention on establishing an efficient transhipment hub, he said. Enditem

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