SEC Chief: Growth targets need capital, not announcements

Daily Mirror reports that Securities and Exchange Commission Chairman Senior Professor Hareendra Dissabandara said Sri Lanka needs to reconsider how it finances economic expansion, with sustained annual growth of 7–9 percent as the goal.

Daily FT reports that Dissabandara pressed the Government to incorporate capital-market development into its growth plans in the next Budget. The report says he cautioned that higher growth would be difficult if the country depended too heavily on other approaches, without specifying them in the available excerpt.

Daily Mirror reports that Dissabandara sees capital markets as insufficiently used in Sri Lanka’s effort to expand its economy. Neither report excerpt gives details of particular Budget proposals or records a Government response.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.