The fiscal Budget, usually the subject of controversy, was submitted for the year 2023 to the legislature by President Ranil Wickremesinghe, with little backlash this time around. In his capacity as Finance Minister the Budget sought to increase taxes by 63% annually while making some major indications regarding fiscal consolidation. As expected, the people’s and market’s reaction were significant, as stocks that are most likely to be impacted contributed to a steep decline on Tuesday. Yet turnover increased and volatility died down as markets and investors began to progressively take in the e…