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Treasury Secretary speaks out on Budget 2021, growth drivers and debt challenge

It is comprehensively “growth” oriented.    What were the factors that resulted in the 2021 Budget?  The country has been experiencing slow and low growth since 2015, which by 2019 was only 2.3% vis-à-vis 5% in 2014. Contractors and suppliers who had supplied a good or a service to the Government had not been paid their dues, which by the end of 2019 was almost Rs. 250 billion. NPL in the banks had increased to almost 5% from the lows of 1-2 % with almost 25% of those in the NPL constit...
Sri Lanka Mahinda Rajapaksa Prime Minister Nisthar Cassim Hotel Developers Procurement Division
Source: ft.lk

Implementation unit to track Budget 2021: Treasury Secy.

Appointments already made; depts. restructured to improve productivity Attygalle confident Budget will realign growth, increase revenues and improve debt  Procurement guidelines to be updated, e-procurement to be rolled out soon  Defends practicality of Budget, says at least 8 proposals already done  Delivering technology, digitalisation and connectivity key aims of Budget    By Nisthar Cassim  Treasury Secretary S.R. Attygalle The Finance Ministry will establish a Budget Implementation U...
Sri Lanka Nisthar Cassim Procurement Division Implementation Unit Finance Ministry Budget Implementation Unit
Source: ft.lk

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