The budget 2023 - 24 will provide a paradigm shift to the entire system of governance in Sri Lanka with drastic changes to economic fundamentals, budget control, monetary management and the continuation of State Owned Enterprises (SOEs) among other proposals, Mass Media, Transport and Highways Minister Bandula Gunawardena said.
The UK government has also relaxed travel restrictions on Sri Lanka saying it no longer advises against all but essential travel to Sri Lanka. France, Switzerland, and Norway earlier relaxed their travel restrictions for their citizen to travel to Sri Lanka.
Japan is seeking to organise a Sri Lanka creditors’ conference, to help solve the South Asia nation’s debt crisis, the foreign media reported. According to the foreign media, Tokyo is open to hosting talks among all the creditor nations aimed at lifting Colombo from its worst debt crisis since independence, but it is not clear whether top creditor China would join and a lack of clarity remain about Sri Lanka’s finances.
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