Sri Lanka unveils first budget under Dissanayake

Sri Lanka's Foreign Minister Vjitha Herath highlighted the untapped economic potential of the Indian Ocean region during the 8th Indian Ocean Conference in Oman, emphasizing the need for collaborative maritime partnerships to foster sustainable growth. He outlined the opportunities available in sustainable fisheries, tourism, and energy resources, advocating for practices that protect marine ecosystems and ensure equitable resource distribution. Herath presented Sri Lanka's vision for a cooperative Indian Ocean, prioritizing freedom of navigation and peaceful solutions to conflicts. Meanwhile, President Anura Kumara Dissanayake is set to present his first full-year budget, focusing on economic policies and revenue goals, which will reflect the government's strategic priorities for national development. This budget presentation follows a period of significant political transition in Sri Lanka, aiming to build public trust and address national expectations. The discussions surrounding both the conference and the budget underscore a commitment to regional cooperation and economic revitalization in Sri Lanka.