COLOMBO, Nov. 4 -- Deputy Minister of Transport, Highways, Ports and Civil Aviation Dr Prasanna Gunasena has said the 2027 Budget will mark a milestone in Sri Lanka's economic transformation, while accusing the Opposition of attempting to exploit the global economic impact of the Middle East conflict for political gain.

Addressing Parliament on Wednesday (4) during the debate on regulations issued under the Imports and Exports (Control) Act, No. 1 of 1969, Gunasena said the conflict had destabilized global fuel prices, affecting even countries that had been making economic progress.

He noted that rising fuel costs had contributed to increased inflation and the cost of living across several economies, adding that the resulting economic p...