Deputy Minister of Finance Anil Jayantha Fernando said that prioritizing quality investments, increased export-oriented production, employment generation, and strict financial discipline to eliminate corruption, waste and mismanagement while ensuring public funds benefit citizens, the upcoming 2027 Budget should be evaluated on its broader economic direction rather than solely on welfare benefits or tax concessions.
Making a special statement on the National People’s Power (NPP) administration’s third budget, Fernando noted that while the first two budgets successfully tackled immediate challenges and established macroeconomic stability, the government is now shifting toward economic expansion.
Although the budget will feature appropriate welfare measures and potential tax reliefs, the Deputy Minister emphasized that the public should examine how the overall financial strategy will successfully drive Sri Lanka toward upper-middle-income country status through gradual, strategic reforms. (Newswire)