Standard Chartered Bank welcomed Sri Lanka’s budget saying driving economic development was its key priority. “The 2011 budget is ‘pro-growth’ with strong emphasis on promoting investment while addressing serious structural issues to drive economic development. This budget, being the first fully fledged budget since the end of the war in May 2009, following an interim budget in 2010, in our view, has set the tone for the government’s medium-term development plans,” said Bank Chief Executive Officer, Anirvan Ghosh Dastidar.
He said simplification of the tax structure and broadening the tax base as a supporting mechanism for private sector to step up activity is a salient feature. Reforms to the investment regime making investment climate more business-conducive, signals that the budget is development-oriented. “The government’s intent to involve the private sector is clear,” he said in a statement. |
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