Sri Lanka’s economy will be reformed:PM in Parliament

Sri Lanka’s economy will be reformed:PM in Parliament

Written by Staff Writer

05 Nov, 2015 | 9:43 pm

Delivering the economic policy of the government in Parliament on Thursday, Prime Minister Ranil Wickremesinghe said that the country’s economy will see a number of reforms taking place in the next two years.

Addressing Parliament , Prime Minister Ranil Wickremesinghe said that a competitive social market economy will be created.

The Prime Minister said that the objectives of the government are to reduce state expenses while generating more revenue and reducing the budget deficiency from 3.5% of the GDP.

The Prime Minister noted that 2500 state rural development centres, through the grouping of villages, will be established to uplift the rural economy while the budget will comprise of a number of proposals in uplifting the agriculture sector of the country.

The Prime Minister said that the Government plans to develop the Western Province as a Megapolis and also develop the other areas of the country in line with that process.

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