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* Sri Lanka Finance Ministry calls for proposals for next year's Budget
Tue, Sep 26, 2017, 08:04 pm SL Time, ColomboPage News Desk, Sri Lanka.

Sept 26, Colombo: Sri Lanka's Ministry of Finance has called for proposals from all stakeholders including the general masses for next year's Budget, to be presented in Parliament in November this year.

Minister of Finance and Mass Media Mangala Samaraweera will present the budget for 2018 in Parliament on November 09, with the aim of building an enriched country with a robust economy to facilitate the creation of one million employment opportunities.

Since the government plans to introduce a successful budget with the aim of building a strong economy, an enriched country and the creation of one million jobs, people are invited to submit their proposals to enhance the opportunities in those fields to the Ministry of Finance, the Ministry said in a statement today.

"Democracy, Reconciliation and Development are the three main pillars on which the unity government has been formed in order to fulfill the economic needs and aspirations of the masses of the country. Therefore, professionals, scholars and those who are engaged in the manufacture, services and agriculture, the three main sectors of the economy, are requested to come forward with their proposals for the budget - 2018," it said.

The statement noted that the government has achieved tremendous success in the fields of free education and health making them accessible to all whilst completing the construction of 200,000 houses for the homeless people.

Minister Samaraweera has proposed preparing the Budget 2018 on Performance based budgeting aiming to achieve several targets in 2020. These targets include increasing the public income up to 16.5% of GDP, recurrent expenditure to be 14.8% of the GDP, public investment to be 5.3% of GDP, reducing budget deficit to 3.5% of GDP, and reducing public debt to 70% of GDP. The proposals for Budget-2018 can be submitted to The Secretariat, Colombo 01, or to email: info@itmd.treasury.gov.lk before October 15, 2017.

 

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