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FinMin invites public, pvt. sector proposals for 2016 budget

27 August 2015 03:12 am - 0     - {{hitsCtrl.values.hits}}

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Sri Lanka’s Finance Ministry requests the private sector institutions and the public to submit their proposals to be included in the proposed budget for the year 2016.

Building the economy, fighting corruption, ensuring freedom, developing infrastructure and investment and developing education are the new government’s five-point plan spelled out in its policy paper to create a new country in 60 months.

Accordingly, the public sector institutions such as ministries, departments, public enterprises and semi-government institutions and the trade chambers and professionals are invited to forward their proposals to the Trade and Investment Policy Department of the Finance Ministry, Colombo 1.

Trade and Investment Policy Department Director General K.D.N. Ranjith Asoka said proposals are also invited from the public and pressure groups with regard to multi-faceted benefits derived from the social welfare schemes, management of public sector income and expenditure and infrastructure development.

The Finance Ministry also expects proposals for policy improvements in the areas of trade and investment, small and medium enterprise (SME) sector and deployment of labour force, from the relevant public and private sector organisations to be included in the next year’s budget proposals. 

The Director General said that if the proposals submitted are leading towards increasing the efficiency and productivity, further discussions will be held with the proponents, before arriving at a final decision.

Among the other areas the Finance Ministry expects public proposals for are promotion of good governance and development of health and education. 

The Finance Ministry requests all interested parties concerned to submit their proposals directly to the ministry within the first two weeks of September in time to arrive at a final decision enabling the Finance Ministry to include in the next year’s budget proposals.
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