Sri Lanka working towards a revised budget in August The sun sets over the Parliament at Shri Jayewardenepura Source:Economynext ECONOMYNEXT- Sri Lanka has revised spending lines of individual ministries as part of efforts to present a revised budget for the rest of 2022, Cabinet spokesman Minister Bandula Gunewardene said. Sri Lanka is expected to raise taxes and also cut capital spending as part of efforts to reduce the budget deficit and money printing to restore monetary stability under a program with the International Monetary Fund. “The revised data relating to ministries have been completed,” Minister Gunewardene said. ...