Srilanka, Nov. 11 -- While the 2026 Budget contains "attractive proposals," experts at the Annual Budget Analysis 2026 organised by KPMG highlighted a significant paradox: the persistent issue of "glaring red tape" and the lack of policy consistency could undermine their implementation.

Policy consistency 'critical' for investment

The consensus among the panellists was that solving Sri Lanka's long-standing problems is essential for attracting the necessary investment, particularly Foreign Direct Investment (FDI).

Bingumal Thewarathanthri, Vice Chairman of the Ceylon Chamber of Commerce, pointed to the critical need for stability: "I think we have miserably failed in the last 10 years in terms of stability because reality is that inves...