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Budget 2017 will bring change to Sri Lanka: Ravi K

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Budget 2017 will bring change to Sri Lanka: Ravi K

Post by sashimaal on Tue Nov 08, 2016 11:50 pm

Nov 08, 2016 (LBO) – Sri Lanka’s Budget 2017 will reduce cost of living and strengthen investments, the Finance Minister said.

“Steps have been taken in the forthcoming budget to reduce cost of living while measures have been taken to strengthen investment in the country,” Ravi Karunanayake, Finance minister said following meetings with two former finance ministers Ronnie de Mel and former President Chandrika Kumaratunge.

He also said that views of stakeholders from all walks of life were gathered to prepare the Budget 2017 to be presented to Parliament on 10 November.

After his meeting with Ronnie de Mel, Minister Karunanayake told the media that everything is in place to present a people friendly budget.

He said former finance minister Ronnie de Mel’s views were gathered as they were considered important in making Budget 2017.

According to a media report, Karunanayake has said that capital gains on property, within a 10 year period, could be taxed, but capital gains on share transactions won’t be taxed.

The government also plans to make small and medium sized vehicles more affordable, but make usage more costly.

“I believe a budget for the people will be submitted to parliament on 10 November. The untiring efforts taken by the Finance Minister to prepare such a people friendly budget should be appreciated,” former President Chandrika Bandaranaike Kumaratunga said.
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Re: Budget 2017 will bring change to Sri Lanka: Ravi K

Post by yellow knife on Wed Nov 09, 2016 7:03 am

We are eagerly waiting to hear, read and analyze the budget....

http://forum.lankaninvestor.com/t6738-budget-review?highlight=budget+review

We still remember following

1. Putting up of an EXIM bank

2. Stopping leasing by banks and handing over that to NBFIs exclusively with effect from 1st June 2016

3. Promoting Venture Capital

**************************************

Should we take time and analyze this kind of things again..?



Nice words so What ?

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Re: Budget 2017 will bring change to Sri Lanka: Ravi K

Post by Yin-Yang on Wed Nov 09, 2016 9:59 am

Hoh!

This time, he has found two scapegoats; Ronie Seeya and Chandrika Aachchi.

The foxes are still going behind the goat; thinking it is just about to fall.

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