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Wednesday May 19th, 2021
Economy

Sri Lanka growth constraints highlighted in pre-budget talks

ECONOMYNEXT – The Ceylon Chamber of Commerce has highlighted constraints to growth in a range of sectors from agriculture to transportation in talks with the finance minister ahead of the budget.

Minister of Finance Ravi Karunanayake met with the committee members of the Ceylon Chamber of Commerce recently to obtain their views on the budget to be presented in November.

A statement said that, during the talks, each committee member was given an opportunity to express their views on the upcoming budget and to raise sector-related issues with the minister.

“Accordingly, they brought to the attention of the Minister, several issues plaguing growth of sectors such as agriculture, taxation, real estate, non-banking, transportation, apparel and confectionery,” the statement said.

Karunanayake said the government will look into the issues raised by the Chamber’s Committee members and resolve them, if it affects growth of industries.

He said the private sector should work closely with the government and use the services offered by the newly established private sector unit of the Ministry of Finance, which he said is not being done adequately.
(COLOMBO, Oct 18, 2016)
 

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