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Central Bank Governor Dr Nandalal Weerasinghe says that this year’s budget is important to stabilize the economy while managing the current crisis situation.
The central bank governor states that if the government had not tightened monetary policy and increased interest rates and increased taxes, inflation in the country would have exceeded 100% by now.
Accordingly, due to the decisions made with that situation, even if it is not 100%, it is some stability Dr Nandalal Weerasinghe mentioned that some of the businesses that collapsed are now operating again, but some sectors are still affected.
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