Sri Lanka budget 2023 live blogSri Lanka to set up bad loans company for banksSri Lanka targets 7.9-pct of GDP deficit, interest soarsSri Lanka stock market sees 2023 budget as neutral | Sinhala News

Sri lanka News- Sri Lanka’s president Ranil Wickremesinghe is presenting a budget in line with an International Monetary Fund program as a prior action to qualify for a resumption of multilateral lending and a lower debt path.

“Some light has bee shed on the the path to recovery some light shed,” he said opening the budget speech.”

“There are no queues. We are talking with China India and other lenders. Inflation has been controlled. Rupee is strengthening.

“But can we be satisfied with the perforance since independence? We have to think in a different way.

President Wickremesinghe as Finance Minister is attempting to bring the deficit down to around 6.8 percent of GDP in 2023 from an expected 9.9 percent of GDP in 2022 according to preliminary data released earlier this year.

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