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 minister's son and six others granted bail
-- [5 hours ago]
Sri Lanka's ruling party national list MP resigns from parliament
-- [5 hours ago]
Sri Lanka Defense Secretary calls on nations to share intelligence to combat transnational crime
-- [5 hours ago]
Fitch assigns Sri Lanka's Singer's notes 'A-(lka)' final rating
-- [7 hours ago]
Unilever CEO arrives in Sri Lanka on a business visit
-- [7 hours ago]
Sri Lanka Cricket condoles tragic death of Australian batsman Phillip Hughes
Sri Lankan President holds discussions with leaders of SAARC countries
Sri Lanka's left parties to field candidates for the presidential electio
Fielding a common opposition candidate for Sri Lanka presidency is an unprecedented move of solidarity - UNP
Sri Lanka's Western Provincial Council rule firm despite rumors, says Chief Minister

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.