2023 budget to focus on social welfare

COLOMBO: President Ranil Wickremesinghe in his capacity as the Minister of Finance will present the 2023 budget to Parliament aimed at creating long-term, stable economic growth, says the President’s Media Division.

The 2023 budget has given special attention to the sectors of capital market, export market, labour market and digital economy and it is expected to achieve the budget targets through the social market economy.

This year’s budget will focus more on providing social welfare benefits to the people who need them most and creating a policy environment to build the private sector as the driving force of the country’s economy.

Through the 2023 budget, the process of building a new economy tailored for the new world has been initiated aimed at creating a program to ensure a decent country for the youth.