Budget 2012 to ensure a stable economic growth of Sre Lanak

Oct 21, Colombo:  President Mahinda Rajapaksa has pointed out today that Sri Lanka’s budget for 2012 has been prepared to ensure a stable economic growth and lowering inflation.

President was Speaking at a discussion held at the Temple Trees today to seek views and proposals for preparing the next year budget, he said the government had succeeded in maintaining an economic growth of 8 percent this year and reducing inflation from 11 percent to 5.7 percent was a major achievement.

This was the final discussion of a series of nearly 60 pre-budget meetings held with groups from various sectors seeking input to draft the final budget.

The President focused on the development of country’s schools and safeguarding locations of archeological interests in todays meeting. The meeting also focused on preventing the human-elephant conflict and the crop damage by the elephants.

Earlier the President met with the representatives from plantation sector, representatives of trade associations, economic centers and super markets, media personnel and migrant workers to draft a people friendly budget.

Economic Development Minister Basil Rajapaksa, Finance Ministry Secretary Dr. P.B. Jayasundara, parliamentarians and senior government officials including ministry secretaries were present at the discussion.

(Photo by Nalin Hewapathirana)

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