Finance Ministry invites proposals from public for 2016 Budget

Thursday, 27 August 2015 00:06 - - {{hitsCtrl.values.hits}}

The Ministry of Finance is requesting public and private sector institutions and the general public to submit their proposals to be included in the proposed budget for the year 2016.

‘Building the Economy,’ ‘Fighting Corruption,’ ‘Ensuring Freedom,’ ‘Developing Infrastructure and Investment’ and ‘Developing Education’ are the new Government’s five-point plan spelled out in its policy paper to create a new country in 60 months.

Accordingly, the public sector institutions such as ministries, departments, public enterprises and semi government institutions and the trade chambers and professionals are invited to forward their proposals aimed at increasing productivity and economic development in varied fields providing dividends to the masses to the Trade and Investment Policy Department of the Ministry of Finance, Colombo 1.

Finance Ministry Trade and Investment Policy Department Director General K.D.N. Ranjith Asoka said that proposals were also invited from the general public and the pressure groups with regard to multifaceted benefits derived from social welfare schemes, management of public sector income and expenditure and infrastructure development.

The Finance Ministry also expects proposals for policy improvements in the area of trade and investment, SME sector and the deployment of the labour force from the relevant public and private sector organisations to be included in the next year’s budget proposals.

Asoka said that if the proposals submitted would lead towards increasing efficiency and productivity, further discussions would be held with the proponents before arriving at a final decision.

Among the other areas the Finance Ministry is looking for public proposals are promotion of good governance and the sectoral wise proposals for the development of health and education.

The Finance Ministry requests all interested parties concerned to submit their proposals directly to the Ministry of Finance within the first two weeks of September in time to arrive at a final decision enabling the Ministry to make the necessary inclusions in next year’s budget proposals.