In the coming week the Appropriation Bill for the year 2023 will be taken up for its second reading. President Rajapaksa as the Minister of Finance will present the budget 2023 on 14 November. The next budget can be one of the most consequential in history. The Government will have to make prudent choices on expenditure and means of increasing revenue. Now it is apparent to all that the tax cuts implemented in late 2019 by the previous Gotabaya Rajapaksa administration precipitated the worst economic calamity in Sri Lankan history. In principle lowering taxes can be beneficial if there is corr…