The presidential election has cast a cloud over the budget making it less important to investors and the private sector in general. The presidential election has cast a cloud over the budget making it less important to investors and the private sector in general. Uncertainty as to what policies may be implemented or amended after the election is yet to be seen.
However analysts say the market is expecting a subsidy laden budget which might not directly impact Colombo’s listed companies.
A budget preceding the presidential election; Will it reflect the economic policies of the next President?
If the President elect is from the same ruling party implementation should not be a problem.
But if he is from the opposition, he may have to review the budget to incorporate his economic policies.
“The timing of the budget is not ideal given the presidential election and the current president is not running for election. Having the budget before the election does not allow the budget to reflect the economic policies of candidates. To some extent this budget may be seen as a budget of a lame duck Pre