Sri Lanka's newly unveiled 2027 Budget has been dismissed as a political statement that fails to ease the severe cost of living for low-income citizens.
Sarvajana Balaya Party Leader and Member of Parliament Dilith Jayaweera said that the proposed adjustments to the Pay-As-You-Earn (PAYE) income tax brackets failed to benefit those in the lowest earning tier.
He noted that the resulting monthly saving of Rs. 750 was negligible and would not even cover the cost of two litres of petrol for a motorcycle owner.
Jayaweera also said that the proposals ignored the plight of Sri Lanka's impoverished population, who continue to face an unbearable cost of living.
He said that the fiscal roadmap lacked essential strategies for national wealth creation, concluding that the document functioned more as political rhetoric than a genuine blueprint for economic development.
