President says tax incentives depends on Govt. revenue performance, economic stability

AKD meets apparel sector representatives for pre-Budget discussion Says Govt. committed to building essential infrastructure required by industries, investors Instructs officials to study industry challenges, proposals and develop action plan

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WHILE acknowledging the challenges confronting the apparel industry, President Anura Kumara Disanayake has said tax incentives would depend on improving fiscal revenues and economic stability but ensured the Government would direct every rupee towards productive initiatives and developing essential infrastructure required by industries and investors.

The President made these remarks while participating in a pre-Budget discussion for 2026 with apparel sector representatives from JAAF, Free Trade Zone and SME manufacturers, the President's Media Division (PMD) said.

Disanayake emphasised that the Government’s objective was to achieve future economic growth targets based on the current stability within the country, and remains fully committed to investing in the development of essential infrastructure required by industries and investors.