https://www.taxtmi.com/news?id=58028 Sri Lanka's recovery is incomplete and requires preserved macroeconomic stability, urgent structural reforms, and more efficient, better targeted public spending under pronounced fiscal constraints. The World Bank stresses enabling private sector led growth by easing trade and investment barriers, improving the business environment, and modernising tax, land, and labour regulations, noting that over 80% of government spending is absorbed by salaries, welfare, and interest payments, which limits investment in infrastructure, education, and health. en-us Tue, 07 Oct 2025 16:31:03 +0530 Tue, 07 Oct 2025 16:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=58028 Sri Lanka's recovery is incomplete and requires preserved macroeconomic stability, urgent structural reforms, and more efficient, better targeted public spending under pronounced fiscal constraints. The World Bank stresses enabling private sector led growth by easing trade and investment barriers, improving the business environment, and modernising tax, land, and labour regulations, noting that over 80% of government spending is absorbed by salaries, welfare, and interest payments, which limits investment in infrastructure, education, and health. News - Tue, 07 Oct 2025 16:31:03 +0530 https://www.taxtmi.com/news?id=58028