Sri Lanka’s new government is set to present an interim budget for the first quarter of 2025 in November, according to Prof. Anil Jayanth Fernando, Chief of the National People’s Power (NPP) Economic Council. The full Budget for 2025 is expected to be passed by Parliament in January.
The interim budget will introduce policies aligned with President Anura Kumara Dissanayake’s manifesto, focusing on providing relief to citizens and stabilizing the country’s economy in line with agreements with the International Monetary Fund (IMF) and other creditors.
The government also plans to review salary increments proposed by the previous administration, address salary anomalies in the state sector, and evaluate the February 2025 lifting of the ban on vehicle imports. Prof. Fernando highlighted that while the Colombo Stock Exchange has seen recent gains, they do not fully reflect investor confidence, cautioning against speculation-driven market spikes.