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Sri Lanka: Budget Speech, 2011

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  • Mahinda Rajapaksa

Abstract

In the aftermath of the long war in the north, the prime minister anf finance minister launched Mahinda Chintana - Vision for the Future†that targets a per capita income in excess of US$ 4,000 by 2016. A high per capita economy will help us to regain many opportunities we have lost during the last 26 years. This will provide a better life for the present and future generations. We have targeted to increase private investments from both foreign and domestic sources from the present level of 19-21 percent of GDP to a range of 26 -28 percent over the next 6 years. This together with public investment of around 6-7 percent, our total investment can be raised from around 25-27 percent to 32 - 35 percent of GDP, to support the targeted. To support this an urgent reacton economic growth in excess of 8 percent in the medium term and 10 percent thereafter.

Suggested Citation

  • Mahinda Rajapaksa, 2011. "Sri Lanka: Budget Speech, 2011," Working Papers id:3677, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:3677
    Note: Institutional Papers
    as

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