Prima Ceylon Limited General Manager Lin Hsin Hui speaking at a press conference held recently. At extreme left is BOI chairman Arjuna Mahendra (Picture by Siripala Halwala)
|Budget does not
crowd out private sector from access to funds
The Finance Minister intends to bridge the budget deficit from non bank sources, mainly foreign loans and grants. This will hopefully assist interest rates to be maintained at near current rates and also not crowd out the private sector from access to funding," National Chamber of Commerce of Sri Lanka (NCCSL) President Chandra Embuldeniya said that what the Finance Minister has done is to bring in revenue through a simplified tax system.
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