He said expected growth in some sectors has been revised up and some down.
Sri Lanka is facing an external slowdown which has slowed exports and also a drought.
Cabral said there is a slight dip in agriculture due to the drought. The drought has hurt hydro power generation which tends reduce domestic value creation.
SL faced balance of payment trouble in 2011 partly due to credit funded energy subsidies which required higher interest rates to stabilize the economy.
The rupee also fell but market interest rates have been easing in recent weeks.