In a significant move underscoring its commitment to national fiscal stability and economic growth, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) formally presented its strategic proposals for the forthcoming National Budget 2026 to the Government.
The proposal was made to Dr Harshana Suriyapperuma, Secretary to the Ministry of Finance, further solidifying the Institute’s position as the national body of accountants, as well as an influential professional body and a key partner in national policy formulation.
The delegation was led by the President of CA Sri Lanka, Mr Heshana Kuruppu, together with Members of Council. This proactive submission is a cornerstone of CA Sri Lanka’s ongoing mission to contribute its technical expertise and practical insights towards establishing a fair, efficient, and growth-oriented taxation framework for the country.
In addition to the budget proposals, CA Sri Lanka also presented the findings of its comprehensive Tax Perception Survey to Dr Suriyapperuma. The survey provides invaluable, data-driven insights into the perspectives of Chartered Accountants on the current tax system, offering a critical evidence base for future reforms and improvements.
Mr. Kuruppu said that as the national body of accountants, CA Sri Lanka has a profound responsibility to actively contribute to the economic dialogue of the country. “Our proposals for the National Budget 2026 are not merely recommendations, but they are the culmination of rigorous research and expert analysis from our members who are at the forefront of the economy. We believe that implementing these measures will be pivotal in enhancing revenue collection, ensuring equity, fostering a conducive environment for investment, and ultimately driving sustainable economic growth for all Sri Lankans,” he said.
The comprehensive set of proposals presented by CA Sri Lanka addresses several critical pillars of fiscal management, including policy planning and implementation, the establishment of a Tax Ombudsman, enhancing strategic trade policy and broadening the export base, reforming the tax system to ensure equity and drive growth, reducing cash usage and promoting digital transactions, amendments to the administrative provisions, transformations within the State Sector, and strengthening fiscal discipline through the Public Finance Management Act.