Sri Lanka’s budget is sound says Fitch Ratings

The Sri Lankan government’s budget has highlighted the authorities’ commitment to increasing fiscal revenue as a share of GDP, Fitch Ratings said in a statement.
Fitch Ratings emphasizes that this approach, if successful, will alleviate a long-term weakness in the sovereign credit profile.

However, Fitch Ratings points that risks to the fiscal outlook remain considerably and plans to slow the pace of fiscal consolidation could weigh on prospects for debt reduction in the medium term, out.
The agency further states that most of the budget proposals presented by President Anura Kumara Dissanayake in his government’s first budget speech on the 17th align with the evaluation assumptions made by Fitch Ratings in December 2024.

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