Srilanka, Feb. 20 -- Sri Lanka's Budget 2025 signals a strong push to boost fiscal revenues but risks to the country's financial stability remain significant, Fitch Ratings warned.

Commenting on President Anura Kumara Dissanayake's maiden budget, presented on Monday, the rating agency noted that if the proposed revenue measures are executed as planned, they could help address a long-standing weakness in the country's credit profile.

However, Fitch cautioned that the government's decision to slow the pace of fiscal consolidation could hinder efforts to reduce debt in the medium term.

The budget provides "greater clarity" on the administration's economic reform agenda and aligns with Fitch's December 2024 assessment, when Sri Lanka's r...