Business Times

Most Sri Lankans say lives not impacted by budget-poll

Most people in a joint poll by the Business Times and the Colombo-based Research Consultancy Bureau (RCB) say this week’s Budget (2012) hasn’t improved their life, their family income while the response was mixed to the issue of whether the life of the average Sri Lankan has improved.

On the impact for companies, many respondents (polled through email) said their bottom line hasn’t improved; the taxation proposals weren’t good and the business environment hasn’t improved.
While the Business Times sought the views of a cross section of the population including many from the private sector including top chairmen and CEOs, RCB conducted people-on-the-street interviews with the total number of repondents being close to 850. Results of the poll are shown in the graphic.
Respondents were asked, as an individual; has it (budget) improved your life?, has it enhanced your family income? and has it improved the life of the average Sri Lankan?

Over 50 % said there had been no improvement in their life while the response was mixed when it came to whether the life of the average Sri Lankan improved. Respondents were also asked how it impacted on companies with the questions: Has it improved your bottom line?, are the taxation proposals good?, and will it lead to an improved business environment?

More than 80 % said it hasn’t improved their company’s bottom line, while 75 % were not happy with the tax proposals. The third question drew a similar response with 75 % saying NO and 8.3 % saying YES.

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