Budget for 2023 will focus on social welfare benefits for the needy

The 2023 budget to be presented by President Ranil Wickremesinghe in Parliament tomorrow will focus on providing social welfare benefits to the people who need them most, the President’s office said.

The 2023 budget is also aimed at long-term, stable economic growth, the President’s Media Division said.

“The 2023 budget has given special attention to the sectors of the capital market, export market, labour market, and digital economy and it is expected to achieve the budget targets through the social market economy,” the PMD said.

This year's budget will focus more on providing social welfare benefits to the people who need them most and creating a policy environment to build the private sector as the driving force of the country's economy, the PMD added.

Through the 2023 budget, the process of building a new economy tailored for the new world has been initiated aimed at creating a program to ensure a decent country for the youth, the PMD said.

Meanwhile the traditional tea-party after the budget presentation will not be held this time.