Thu, 28 Mar 2024 Today's Paper

Govt. braces to present 4-year economic plan next month

By

25 May 2016 09:51 am - 1     - {{hitsCtrl.values.hits}}

A A A

Untitled-3

Prime Minister Ranil Wickremesinghe yesterday said the new regime could finally heave a sigh of relief, as it will be presenting its four-year economic plan to Parliament in a month’s time. “There are a number of strategies we will follow. Very soon, in another month, the government will present its four-year development plan.

At least we can breathe now, which we couldn’t do for some time in 2015 and 2016,” Wickremesinghe told Sri Lanka’s first National Summit on Foresight and Innovation, jointly organized by the United Nations Development Programme (UNDP) and the Ministry of National Policies and Economic Affairs.

He also said that a proposal will be placed before Parliament for a sustainable development council, for which a committee would be appointed to make sure massive development work planned ahead is carried out in a sustainable manner. In the backdrop of the theme of his address being ‘Reimagining Governance: An Opportunity for Sri Lanka’, Wickremesinghe said his government had to adopt a slow and steady approach in stabilizing the economy due to the inheritance of a debt-laden economy and severe global headwinds.

He noted that when the budget 2016 was conceptualized and presented to Parliament, it was done with the belief that the global economy would improve.

“That went the other way. But we are confident now that the global economy can sustain itself,” said the Premier, perhaps in an attempt to justify the ad-hoc policy changes the business environment witnessed this year. According to him, the only remaining concern is the outcome of the United Kingdom’s EU referendum for which a decision would be made on June 23rd. PIC BY PRADEEP PATHIRANA

Wickremesinghe noted that if the outcome of the event is positive—if Britain decides to remain an EU country— strategies are in place to capitalize on the development. Dismissing concerns, Wickremesinghe said: “All are used to the era of large projects, which were greatly promoted by the media. That is what the public is used to. This resulted in ministries competing with each other and we want to depart from that.” He went on to say that “must have” is a programme or project that will be accepted by not only the main political party of the government, but also by what is based on a consensus.


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 1

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • chux Wednesday, 25 May 2016 04:52 PM

    More importantly all these should be accepted by people than the short sighted politicians


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H

MIRROR CRICKET

More