Oct 19, Colombo: The New Democratic Front Presidential Candidate Minister Sajith Premadasa says introducing a new fiscal policy private entrepreneurs will be given maximum opportunity to contribute towards strengthening the economy.
Participating in a business conference in Colombo yesterday, the New Democratic Front presidential candidate explained his economic policy. Top business leaders of the country, entrepreneurs, economists and politicians were present at the meeting.
Responding to the questions directed to him at the forum, Premadasa said the business sector could make a major contribution to strengthening the country's economy.
The NDF candidate said they have a dynamic economic policy that all sectors of the society have the opportunity to climb up the ladder of the progress.
"In order to do so the new administration after the presidential election victory will design the fiscal and monetary policies to ensure that the private enterprise will be given the maximum amount of opportunity to participate in the wealth creation process."
He said the private entrepreneurs will be provided with the maximum demand side and supply side support, maximum possible incentives and inducements so that entrepreneurship flourishes.
"Through this mechanism we hopes to provide the maximum equitable, inclusive growth to take place and there is shared prosperity in our country. Our new economic policy will be dictated by the fact that we have to maximize our national interests."
Premadasa said the wealth earned by the growth should be redistributed equitably and in a fair manner so that all the sectors of the country can benefit. He added that he has plans to strengthen the economy and create new employment opportunities.
Premadasa said the future government will fully support innovations and endeavors especially in the new technology area, which will jump start the economy.
"I'm a practitioner of capitalism with a human face...I am not a politician who usually relies on high taxes. What I hope is to reform the tax system, reducing excessive taxes, and allowing private entrepreneurship to flourish. I believe in strengthening the competitive market as well as the social justice sector as a whole," presidential candidate Premadasa said.