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Medium-term economic target set at 7% or above alongside planned tax reforms

1 of 20 outlets reported this · first reported 12 Nov 2026

Photo: Tamil Mirror

Summarised by AI from 1 article

The medium-term economic target will be maintained at 7% or above, and public financial consolidation will continue to keep the budget deficit below 5%.

Reforms will be implemented to expand the tax base, grant tax exemptions, and digitise tax administration.

Additionally, the public service was described as being characterised by traditional traits, preventing it from bringing about change.

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