Breaking News

Govt. to raise per capita income to USD 5,000 per year, create 1 m jobs

The government intends to raise per capita income to USD 5,000 per year, and create one million new jobs, Prime Minister Ranil Wickremesinghe said in Parliament yesterday.

Delivering the Economic Policy Statement in Parliament, he said in order to kick start the transformation, the government intends to implement a comprehensive economic strategy over the next three years.

“Our target is to increase Foreign Direct Investment to USD 5 billion per year. We also plan to double exports to USD 20 billion per year,” he added.

Prime Minister Wickremesinghe noted that the goal of these development strategies is improving the lives of the average Sri Lankans.