President Ranil Wickremesinghe has been able to attract the attention of the countries world wide when he urged the Secretary-General of the UN and Egypt, as the head of the COP27
Sri Lanka is currently on track to complete all prior actions before yearend. Prior actions included parliament approval of a revised 2022 budget, revenue measures to support fiscal consolidation and annual budget for 2023 in line with the IMF programme
The Government will be accelerating the implementation of a trade adjustment program for local industrialists to match the competitiveness of international trade by setting policy priorities in relation to international trade.
The Sri Lanka government has been continuing its spending spree during the first four months this year surpassing the revenue by 83 per cent resulting in a budget deficit of Rs.524.1 billion, 0.7 per cent higher than the Rs.520.5 billion budget deficit in the same period of 2021, the Finance Ministry fiscal position report revealed.