The Ceylon Chamber of Commerce (CCC) is optimistic that the revisions in Taxes and Levies announced by the government will stimulate the economy. The Chamber in a statement said the slew of tax proposals put forward as part of the stimulus package will revive economic growth and activity in the short-term. “Our expectation is that recent statements by the government in curtailing non-priority public spending and the constrained approach to Ministerial Portfolios signal the seriousness of the efforts by government to manage the fiscal deficits”.