Sri Lanka, Feb. 18 -- Sri Lanka's 2025 budget signals a strong commitment to adhering to the International Monetary Fund (IMF) programme, with a focus on achieving a primary surplus and introducing new revenue sources to offset shortfalls resulting from tax policy changes.
Christian Fang, Vice President - Senior Analyst at Moody's Ratings, stated, "Sri Lanka's draft 2025 budget demonstrates the government's commitment to its IMF programme, in particular with the primary surplus target and introduction of additional sources of revenue to make up for shortfalls due to tax policy adjustments."
Despite this commitment, the budgeted expenditure exceeds previous forecasts, primarily due to higher interest payments. This is likely to lead to a l...