Budget maintains consistency
More focus on Research and Development:
The 2012 budget has forwarded proposals to
continue with the strong economy maintaining an eight percent growth
for another year Treasury Secretary Dr. P. B. Jayasundara said.
Speaking at the first post budget seminar organized by the Inland
Revenue Department at the Galadari Hotel last evening he said he was
confident that the country could maintain an 8 percent growth in
2012 as well.
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Budget benefits for SMEs, agri sector
The business community and the public sector
hailed the 2012 budget proposals presented by President and Finance
and Planning Minister Mahinda Rajapaksa. They that it was a
development oriented budget which will take the country towards
being the Wonder of Asia. The key economic driver of the economy,
the Small and Medium sector received a major boost from the budget
with a bundle of incentives while similarly the agriculture sector
too received concessions. Proposals were also presented to woo more
foreign direct investments by way tax holidays.
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Belgian companies to invest in Lanka
The expanding growth opportunities in Sri Lanka,
compared with the current global economic situation, should provide
the impetus for forward looking European companies to increase their
exposure to the country.
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