For Sri Lanka’s long-term economic growth, the 2023 budget will be presented to the Parliament tomorrow. The budget will be delivered to Parliament by President Ranil Wickremesinghe in his capacity as Finance Minister.
In an announcement issued by the Presidential Media Division, it is stated that this year’s budget has given more attention to the sectors of capital, exports, labor market and digital economy. it is expected to achieve the budget targets through social market economy in the coming year.
According to the statement, this year’s budget has placed more of an emphasis on giving social welfare benefits to those who need them and on creating the necessary policy framework to make the private sector the nation’s economic engine.
The Presidential Media Division further stated in the announcement that a program will be developed to make the country better for the youth and that the process of creating a new economy fit for the new world will be started through the 2023 budget proposals.
Meanwhile, Shehan Semasinghe, Minister of State for Finance, expressed his views today regarding the budget to be presented to Parliament tomorrow. He mentioned that President Ranil Wickramasinghe is presenting the most challenging budget in the history of Sri Lanka.