Sept 14, Colombo: Sri Lanka's Minister of Finance and Mass Media Mangala Samaraweera states that the budget for next year will be designed to liberalize economic reforms, promote entrepreneurship and prepare pragmatic investment projects.
The Finance Minister made these comments participating at the Daily FT-Colombo University MBA Alumni Association organized 2018 Pre-Budget Forum at Hilton Colombo yesterday.
Minister Samaraweera expressing keenness to engage with the private sector said the budget proposals presented by leading businesses will be considered. "We will certainly take into account your proposals and we welcome further engagement," he said.
Speaking at the conference Minister Mangala Samaraweera said the government is engaged in the creation of a 'Designer Budget'.
He said through the Designer Budget the government plans to present an inclusive policy framework that would liberalize reforms as well as promote entrepreneurship, expand key sectors and hopes to create a "balanced country on dual pillars of reconciliation and development."
Addressing the entrepreneurs, the Minister Samaraweera stressed the importance of building Sri Lanka's reputation to attract foreign investors.
"We must continue to build on Sri Lanka's reputation. We must identify ways to attract investors; we must make Sri Lanka a paradise for investors. We need to increase exports and also strengthen the social security system that includes the education, healthcare and housing sectors," he said.