FCCISL presents five strategic Budget proposals

Says recommendations will help accelerate economic recovery and prepare Sri Lanka for World Bank B-READY 2026

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THE Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) has presented a comprehensive national reform package comprising five strategic Budget proposals aimed at strengthening Sri Lanka's economic recovery, modernising public service delivery, and preparing the country for inclusion in the World Bank's Business Ready (B-READY) Index 2026. These proposals stem from the extensive findings of the PwC-FCCISL Business Resurgence Study (2020) and align closely with the National People's Power (NPP) Government's economic and social policy direction. Designed within the framework of the 2026 line-ministry Budget allocations, the proposals are ready for immediate implementation.

FCCISL President Keerthi Gunawardane said, "Sri Lanka is at a turning point. These proposals give the country a practical path to rebuild confidence, modernise institutions, and strengthen the private sector as a driver of growth. With coherent implementation, we can transform the business environment, accelerate investment, and position Sri Lanka as a globally credible, competitive economy."

1. Transforming public services and reducing bureaucratic barriers

Sri Lanka's economic progress has long been constrained by administrative delays, fragmented approval systems, and inconsistent regulatory practices. The Public Service Transformation Fund aims to address these barriers through a decisive national shift toward streamlined, automated, and performance-driven public service delivery. Drawing upon PwC-FCCISL research, this reform initiative promotes complete process re-engineering, digital integration across ministries, and uniform service standards extending from national agencies to District and Divisional Secretariats. The framework strengthens transparency, reduces business costs, and enhances reliability, aligning with global expectations under the B-READY Public Services and Regulatory Quality indicators.