Sri Lanka, March 6 -- The Ceylon Chamber of Commerce says that the GDP growth estimates provided in the budget speech, for the period from 2019-2024 are of concern as it only expects growth to gradually rise from 3 percent in 2018 to 4.8 percent by 2024.

"The growth estimates for this period is not a positive signal for the business climate," the chamber said in a statement.

"The 2019 Budget does not address some of the fundamental issues of the economy such as State-Owned Enterprise reform that would enable Sri Lanka to move towards a higher economic development trajectory."

National budget 2019 proposed a mix of measures to balance the short-term macroeconomic pressures in the economy with the long-term development agenda.

"We acknowl...