Amid the economic crisis, Prime Minister Ranil Wickremesinghe had a meeting with the representatives from the Chambers of Commerce, the Treasury and Economic Advisers at his office on Monday.
During the meeting the PM proposed that the Treasury should undertake structural reforms based on a competitive social market economy that can achieve development goals. The Prime Minister gave emphasis on the fact that an economic policy framework would be included in the Constitution that enshrines the economic rights of the country.
During the meeting with the representatives, the Sri Lankan Prime Minister highlighted that a new budget would be introduced in the country which would help in the reduction of the capital significantly, reported Colombo Page.
The PM also agreed on a proposal that the distributing relief to the people should be digitised.
The Prime Minister further explained that with the war in Ukraine, the country is facing a food shortage due to mismanagement of the local market. This food shortage will affect not only Sri Lanka but also the global market. He explained that the government was trying to minimize the impact of the shortages.