Sri Lanka – 2012 Budget – Higher spending again

Thursday, 3 November 2011 00:00 - - {{hitsCtrl.values.hits}}

The Appropriation Bill (the first reading of the Budget), tabled in Parliament on 18 October, signals that growth remains the Government’s top priority.

Building on the fiscal consolidation achieved in 2011 and providing a credible path towards sustainable economic development are likely to be the primary objectives of the 2012 Budget, which will be presented on 21 November.

Fiscal consolidation so far in 2011 has been impressive.