President Ranil Wickremesinghe has said he would address concerns of small and medium-scale industrialists in the upcoming budget, aiming to strengthen Sri Lanka’s export-oriented manufacturing economy.
“In the upcoming budget, we aim to introduce measures that provide bank loan concessions to support small and medium-scale industries,” Ranil Wickremesinghe said.
Wickremesinghe added that a substantial portion of the budget will be allocated to debt repayment and interest.
“Failure to meet these obligations could push us back into the old, precarious situation. Therefore, safeguarding our currency and fulfilling our loan obligations is of paramount importance,” Wickremesinghe said in his address at the National Industry Excellence Awards 2023, which took place yesterday (1) at the Nelum Pokuna Theater in Colombo.
