CCC hails 2025 Budget’s ‘bold proposals ‘avoiding ad-hoc tax measures
- CNL Reporter
- February 19, 2025
- News
- CCC hails 2025 Budget’s ‘bold proposals 'avoiding ad-hoc tax measures
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The Ceylon Chamber of Commerce (CCC) has welcomed the “bold proposals” in the 2025 Budget, which it says align with its recommendations, Sri Lanka Economic Summit discussions, and Vision 2030 goals.
The 2025 Budget focuses on stability, governance, public relief, tackling corruption, and driving inclusive growth, the Chamber said, adding that the Budget emphasises infrastructure expansion through Public-Private Partnerships (PPPs) and digital economy initiatives, providing a strong foundation for transformation.
The Chamber said it appreciates the Government’s recognition of the need to reform the Customs Ordinance and the implementation of the National Single Window, both crucial for enhancing trade facilitation and improving the ease of doing business.
“We also acknowledge the planned implementation of the Economic Transformation Act with amendments and the introduction of legislation on Public-Private Partnerships (PPPs).”Issuing a statement, the CCC said the timely execution of these reforms will create a more conducive environment for private sector investment in key sectors such as ports, tourism, and infrastructure, as highlighted in the budget speech.
