The Ceylon Chamber of Commerce has welcomed the broad direction of Budget 2027, stating that timely implementation of the proposed reforms will be crucial to translating policy commitments into investment, exports and sustainable economic growth.
In a statement, the Chamber said the Budget reinforces Sri Lanka’s commitment to economic transformation while maintaining policy continuity, macroeconomic stability and fiscal discipline.
The Chamber also welcomed the inclusion of more than 20 proposals it had submitted to the government, describing this as a positive outcome of continued public-private dialogue.
These include proposals to strengthen investment facilitation, improve trade and export competitiveness, expand digital government services, promote cashless payments and accelerate key legislative reforms.
The Chamber also welcomed the government’s consideration of a successor programme with the International Monetary Fund (IMF), alongside measures to strengthen energy security, support exporters and expand the digital economy.
It particularly highlighted the continuity between the 2026 and 2027 Budgets, noting that several key structural reforms have been carried forward.
These include the Trade National Single Window, phased removal of para-tariffs, Digital ID framework, new Free Trade Agreements, Customs reforms, expansion of Bandaranaike International Airport and increased financing support for small and medium enterprises.
However, the Chamber stressed that greater attention was needed to attract Foreign Direct Investment (FDI), accelerate land and labour market reforms and improve public procurement processes.
It also called for more targeted measures to unlock growth opportunities in tourism, agriculture, IT/BPO and logistics.
The Chamber said Sri Lanka must now focus on moving beyond economic stabilisation towards sustained, investment-led growth.
It expressed readiness to work with the government and other stakeholders to support the implementation of the proposed initiatives.
News Wire
