Sri Lanka, March 24 -- By Dr. Gayan Gunewardana BSc, MBA, PhD, CIMA/ ACMA/CGMA, FRM, AIB
Sri Lanka's Budget 2025 sets an ambitious yet pragmatic foundation for economic recovery and sustainable development, presenting a forward-looking framework that balances immediate stabilization with strategic long-term growth. With a planned expenditure of Rs. 7.19 trillion against a projected revenue of Rs. 4.99 trillion, the fiscal policy aims to achieve a primary surplus of 2.3% of GDP while reducing the fiscal deficit to 6.7%. In alignment with the International Monetary Fund (IMF) program, it emphasizes fiscal discipline, enhanced tax governance, and targeted reforms designed to elevate the revenue-to-GDP ratio to 15.1% during 2025. These measure...