SMEs, exports to get boost from Budget 2013?

Today’s budget proposals would seek to uplift the SME and export sectors, Treasury sources said yesterday.

Despite small and medium enterprises, accounting for around 80 per cent of the GDP, they were finding it near impossible to access finance from the domestic banking the sector. It is learnt that the government was toying with the idea of requesting banks to set aside a certain percentage of the lending portfolio to this sector.

While authorities were tight  lipped as to the Budget 2013, they indicated that exports too would receive a boost.

University teachers are expected to receive an allowance, and not a full scale salary increase.

One official said the budget might not include too many concessions but would seek to consolidate the economic development policies of the government.



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