Enterprise Sri Lanka: Govt. to invest Rs.80bn

31 May 2018 09:25 pm - 3     - {{hitsCtrl.values.hits}}


The government will invest some Rs.80 billion in developing rural roads, rural markets, and other public facilities, Finance Minister Mangala Samaraweera said.

He said the Gampereliya scheme will be the primary focus of the government’s economic agenda over the next 24 months. The first Gamperaliya exhibition will be organised in Monaragala on August 16 followed by Anuradhapura and Jaffna.

At a function held on Wednesday he said in the Budget speech last November, he presented “Enterprise Sri Lanka” scheme based on the government’s 2025 vision document, to create a new entrepreneur class, recalling our history as a trading and a commercial hub in the ancient times.

The Minister said for the Past decade our economic growth was dominated by the domestic sector and exports reduced to 12% of GDP in 2014 while FDI stagnated.

“Therefore, this economic model resulted in the creation of growing external liabilities whilst external assets and inflows were dwindling. Government revenue was falling for decades to reach one of the lowest in the world. Debt servicing exceeded the total government revenue. The effects of previous borrowing will be felt more severely in the time to come. More than 75% of government debt servicing during 2019-2022 will be due to maturing or bunching of debt obtained prior to 2015,” he said.

Minister Samaraweera said the 'Enterprise Sri Lanka loan schemes’ will be ceremonially launched by the President and the Prime Minister at the BMICH on June 22.

“These schemes will target the most productive investment sectors. It is private enterprise that is created and expanded through these programmes which will drive Sri Lanka’s future growth. In addition to the revival of private investment driven by Enterprise Sri Lanka, it is necessary for the state to invest directly in the rural economy. Towards this end, the government will also be introducing the rapid rural infrastructure investment scheme, GAMPERALIYA. This includes the rehabilitation of over 22,000 rural tanks which will have a major impact on agricultural productivity and agricultural incomes that have suffered during the previous droughts,” he said.  

  Comments - 3

  • Where is it Thursday, 31 May 2018 10:58 PM

    Where is the duplication road extension we have been waiting for, for the last 30 years?

    Wanni arachchi kankanamge champika Sunday, 29 July 2018 09:11 PM

    I am rural I want 10 lack loan

    Moses Jacob Friday, 14 September 2018 04:59 PM

    Enterprise Sri Lanka appears to be an eye polish. How much inquiries made via the internet, they are unable to give a mailing address or an email address enabling the deserving public to make any approach.I am fed up.

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

Kidneys that whisper death

A flute version of Beethoven’s ‘Für Elise’ was echoing from a distance

Burning Panamanian tanker leaves SL authorities gutted

Weeks after MV Wakashio, a Japanese-owned bulk carrier, ran aground a coral r

New Diamond on Fire

The fire has been contained, now where will the oil go?


To have received her son’s death certificate on the day she brought him to