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Friday, 2 October 2009

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THOUGHT for the Day

Efficiency is doing things right; effectiveness is doing the right things. - Peter F. Drucker

 

Sri Lanka and GSP+:

Challenges ahead

Archaeological excavations conducted so far have confirmed that Sri Lanka’s heritage extends to pre-historic times. The artifacts unearthed and examined by experts both local and foreign have revealed that the island’s history goes back to over 10,000 years. These include the period of the legendary Rama and Ravana.

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Meeting demographic change

Sri Lanka ageing faster:

Sri Lanka ranks as a country with a rapidly ageing population. Life expectancy, which was 46 years in 1946, increased to 70 years in 1981, then to 74 years in 2005 and is expected to rise up to 80 years within the next 2 decades. This dramatic demographic transmission has created changes in the population age structure.

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Despite difficult fiscal situation:

Government continues welfare projects

The overall public expenditure of the Government for the first four months of 2009 stood at Rs.389,788 million which constituted of Rs.308,416 million of recurrent expenditure and Rs.81,372 of capital expenditure, according to the Mid Year Fiscal Position Report 2009.

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