Colombo (LNW): Finance State Minister Ranjith Siyambalapitiya said the reorganisation of Sri Lanka’s overseas debt should be finalised in the near future.
The economy contracted in the first two quarters of the year, but the latter half may show different results, the Minister told the reporters in Kegalle yesterday (14).
He added that these factors will influence the formulation of the 2024 budget, making it a challenging task.
Drafting the upcoming budget won’t be straightforward, and it may require rigorous financial management and careful cost alignment, Siyambalapitiya explained.
However, he remained optimistic, saying, “We are confident that we’ll finish this reorganisation swiftly.”
“Given our current objectives, we’re in a position to formulate the budget,” the State Minister stressed.