Sri Lanka, June 13 -- Labour Minister and Finance and Planning Deputy Minister Dr. Anil Jayantha Fernando told Parliament yesterday that the Sri Lankan Government successfully improved its fiscal position through revenue-based consolidation and strict expenditure management to record a positive primary balance and establish a substantial Treasury cash buffer of Rs. 915 billion.

By improving tax revenues and better managing expenditures, the Government successfully created and maintained substantial cash buffers in the Treasury.

The buffer allowed the Government to allocate hundreds of billions in supplementary funds for emergency disaster relief and economic hardship packages (e.g., energy and food production support) without immediate...