Budget Aims to Transform Economy While Supporting Vulnerable Populations, Says Minister

The recently presented budget is not merely a framework for government revenue allocation; it serves as a robust foundation aimed at transforming the country’s economy while directly supporting vulnerable communities, emphasized Minister of Labour and Deputy Minister of Finance and Planning Anil Jayathilaka.

In a special statement to the media, the Deputy Minister highlighted the critical role of this budget in delivering targeted assistance to those in need.

He delineated the differences between traditional perceptions of budget documents and the current government's policy approach, stating that the outlook on budgets has often been limited to how government revenue is distributed across various sectors. “Historically, many have viewed the budget primarily as a document that outlines the government's revenue allocation. However, a budget is far more than just a distribution of income. This year’s budget distinctly illustrates how we can properly allocate assistance to the targeted groups that require protection and support, while simultaneously establishing a stable foundation for the country’s productive economy and fostering long-term economic transformation,” he asserted.