Private sector hails budget
The private sector said the 2010 Budget has
focused on infrastructure development which is highly beneficial to
attract foreign investment and accelerate economic growth.
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IMF optimistic of Lanka’s economic growth
“The overall economic conditions in Sri Lanka
are improving and the economy is likely to show strong growth this
year” said, Sri Lanka IMF Resident Representative, Dr. Koshy Mathai
at a media briefing, Tuesday to announce the release of the third
tranche of the IMF loan to Sri Lanka.
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Budget targets high growth - Report
The fiscal strategy outlined in the budget aims
at phasing out the budget deficit, containing operational
expenditure within income and maintaining public investment within 6
- 7% of the GDP, states a report by Ford Rhodes Thornton and Company
Ltd.
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