Treasury Secretary Dr. Harshana Suriyapperuma said businesses should not expect tax cuts in the 2027 Budget, as the government prioritises reforms, digitised tax administration and a World Bank-backed strategy targeting 7% growth.
The International Monetary Fund reached a staff-level agreement with Sri Lanka on the Seventh Review of its $3 billion Extended Fund Facility, announced on Sunday. The next tranche of about $345 million depends on the government presenting a 2027 Budget in line with program parameters and on adequate progress with debt restructuring.