The Sri Lankan President’s 2024 Budget speech outlines plans for a “new growth model…based on a digitalised social market economy.” The plan also mentions effectiveness, equitability and green growth as key aspects of this new model. Digitalisation and digital connectivity are critical for economic development.
The Government plans to allocate just Rs. 3 billion or 1.4% of total expenditures to digital and digitalisation efforts in 2024, with the aim of growing into a $ 15 billion digital economy by 2030.
