Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka President focused on a manufacturing-based economy
Mon, Aug 18, 2014, 01:08 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 18, Colombo: Sri Lankan President Mahinda Rajapaksa also as the Finance Minister has focused on a manufacturing-based economy for the country when preparing the next year's budget.

The President has instructed the government officials to focus more attention on building up a manufacturing-based economy by the next budget, Deputy Secretary to the Treasury Dr. B M S Batagoda has told the national radio SLBC.

In preparing the budget as in the previous years, the President has sought the views, ideas and proposals from many sectors.

As a policy, the President seeks the opinions and suggestions from various sectors before formulating the budget.

Reportedly, over 23,000 individuals, groups and organizations have sent their proposals to prepare the last year's budget. More proposals from the public are expected this year as well, the SLBC said.

The government has already focused more attention on developing infrastructure facilities and upgrading living standards of the people, the official said.

The Treasury has already received many proposals seeking salary increases for the State and Private sector employees.

The public can submit their proposals until the end of the next month, the official said.

Although Sri Lanka's economy is the South Asia's fastest growing economy, the International Monetary Fund has warned that Sri Lanka needs to increase the revenue base to sustain the growth.

ColomboPage - Recent 10 Stories
Sri Lanka's Democratic Party Provincial Councilor to join the UNP
-- [1 hour and 12 minutes ago]
Peace has brought many benefits to Sri Lanka - UK
-- [1 hour and 20 minutes ago]
Sri Lankan President opens shopping complex in renovated Old Dutch Hospital in Galle Fort
-- [1 hour and 58 minutes ago]
Preferential Vote Results in Uva Province
-- [2 hours ago]
UNP chief ministerial candidate Harin Fernando tops preferential votes at Uva PC election
-- [2 hours ago]
Ruling party claims victory at Sri Lanka's Uva PC election while opposition makes substantial gains
Final results for Monaragala district at Sri Lanka's Uva Provincial Council election
Final results for Badulla district at Sri Lanka's Uva Provincial Council election
Election results for Monaragala district of Uva Province
Complete election results for Badulla district of Uva Province

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.