6. A Sectoral Perspective 252 In terms <strong>of</strong> the inl<strong>and</strong> fisheries sector, several steps have been taken to improve the infrastructure facilities, enterprise development, <strong>and</strong> community empowerment under the Aquatic Resources Development <strong>and</strong> Quality Improvement Project funded by the Asian Development Bank (ADB). All Regional Aquatic Development Centres improved under the project. Loans amounted to Rs. 10 million were distributed among micro enterprises to improve the fishing operations. Fingerlings were stocked in 31 perennial tanks under the Community Based Management Project. In addition, 1,061,475 fingerlings were released to tanks free <strong>of</strong> charge by the National Aquatic Resources Development Authority (NAQDA) during the year. Several measures were introduced to improve the marketing facilities <strong>of</strong> wholesale <strong>and</strong> retail distribution <strong>of</strong> fish under the modern st<strong>and</strong>ards. A guaranteed price scheme continued in <strong>2008</strong> <strong>and</strong> 161 metric tons <strong>of</strong> fish were purchased by the Ceylon fisheries Corporation (CFC). The construction <strong>of</strong> the wholesale <strong>and</strong> retail fish market at Peliyagoda had commenced. The construction <strong>of</strong> fish markets in Trincomalee, Hambantota, Polonnaruwa <strong>and</strong> Puttlam were also completed in <strong>2008</strong>. Importation <strong>of</strong> food items The import expenditure on food <strong>and</strong> beverages sector increased by 41 percent in <strong>2008</strong> amounting to US$ 1,505 million. This accounts to 16.2 percent <strong>of</strong> the total imports. Particularly due to the increased international prices <strong>of</strong> wheat, milk powder <strong>and</strong> sugar observed in the first half <strong>of</strong> <strong>2008</strong>. A wider spectrum <strong>of</strong> imports <strong>of</strong> food items indicates the future need <strong>and</strong> prospects for increased local food production, to reach self sufficiency <strong>and</strong> value addition. Accordingly, a local food production drive, “Api Wavamu- Rata Nagamu” programmme was initiated to achieve these policy objectives. Government continued channeling funds for enhancing agricultural credit facilities, developing irrigation facilities, providing quality seeds <strong>and</strong> planting material, providing fertilizer subsidy while measures were implemented to safeguard from unfair import competition. Also, agriculture has been exempted from income tax, VAT <strong>and</strong> Nation Building Tax. Table 6.16 Major Food Items Imports Year 2005 2006 2007 <strong>2008</strong> (Provisional) Item Quantity (MT) Value CIF (Rs. mn.) Quantity (MT) Value CIF (Rs. mn.) Quantity (MT) Value CIF (Rs. mn.) Quantity (MT) Value CIF (Rs. mn.) Rice 51,729 1,554 11,536 577 88,003 1,261 118,554 5,067 Wheat 956,148 15,798 1,174,604 20,473 854,864 22,756 661,421 40,820 Wheat Flour 150,436 3,200 13,578 321 5,797 229 1,969 92 Sugar 444,244 14,096 520,599 22,970 470,706 16,346 541,568 22,000 Dhal 84,396 3,100 104,807 3,802 103,195 6,593 79,751 9,001 Chillies 27,261 1,629 29,410 2,739 31,242 4,080 35,284 4,579 Red Onions 10,233 304 10,859 377 23,754 949 28,019 1,622 Big Onions 110,713 1,826 119,478 1,940 140,728 4,392 154,498 3,790 Potatoes 46,464 1,117 48,799 1,266 85,929 2,211 105,544 2,672 Dried Fish 50,284 3,784 50,455 5,507 51,743 6,253 48,924 6,110 Milk Powder 52,800 12,581 68,105 16,716 62,081 19,318 63,774 30,581 Vegetables 925 98 708 119 733 154 309 62 Fruits 38,656 1,336 40,806 1,498 37,242 1,551 39,062 1,471 Fish 5,310 775 6,986 1,291 11,152 1,863 5,136 389 Meat 2,560 291 1,065 186 1,710 258 1,394 173 Total 61,489 79,782 88,214 128,409 Source: Statistics Division, Department <strong>of</strong> Sri Lanka Customs <strong>Ministry</strong> <strong>of</strong> <strong>Finance</strong> <strong>and</strong> <strong>Planning</strong> Sri Lanka <strong>Annual</strong> <strong>Report</strong> <strong>2008</strong>
6. A Sectoral Perspective 253 Empowering the Rural Economy Access to Electricity 82 percent <strong>of</strong> households are electrified with grid connected electricity whilst 3 percent are served by <strong>of</strong>f-grid facilities such as mini hydro, solar, wind <strong>and</strong> dendro power etc. Yet, the regional gap in supplying electricity still exists. The average electricity coverage in urban <strong>and</strong> rural areas is about 80-85 percent <strong>and</strong> 50-60 percent respectively. A substantial amount <strong>of</strong> investment has been made over the years to enhance the supply <strong>of</strong> electricity to the envisaged level <strong>of</strong> 90 percent from the national grid <strong>and</strong> twice the <strong>of</strong>f –grid supply by 2010. To narrow down the gap between the urban <strong>and</strong> rural electricity coverage, an allocation <strong>of</strong> Rs. 4,953 million was provided for rural electrification projects in <strong>2008</strong>. 4,997 rural electrification schemes were completed in <strong>2008</strong> which raised the total electrified households in the country, to 82 precent. These schemes were implemented under rural electrification project 6 & 7, Gama Neguma, Rajarata Navodaya <strong>and</strong> funds provided under the De-centralized <strong>and</strong> Provincial Council Budgets. In <strong>2008</strong>, “Lighting Sri Lanka” project was implemented covering Hambantota, Moneragala, Kegalle, Ratnapura <strong>and</strong> Trincomalee districts in order to improve transmission <strong>and</strong> distribution network in respective rural areas. Table 6.17 Rural Electrification Schemes Completed in 2007 & <strong>2008</strong> Area Number <strong>of</strong> Schemes Completed 2007 <strong>2008</strong> Southern 914 936 North Central 589 589 Central 1143 1,164 Uva 138 150 West -South 317 324 West -North 170 177 Eastern 407 414 Sabaragamuwa 601 583 North- Western 626 629 Northern 27 31 Total 4,932 4,997 Source: <strong>Ministry</strong> <strong>of</strong> Power & Energy Box 6.2 Electricity: Energizing Growth It is the long term vision <strong>of</strong> the electricity sector to provide a reliable <strong>and</strong> sustainable supply <strong>of</strong> electricity with the least cost <strong>and</strong> environmental safeguards to the entire population <strong>of</strong> the country. The high priority is placed upon increasing in power generation, distribution, <strong>and</strong> reduction <strong>of</strong> transmission losses in the electricity sector to realize this goal. Electricity <strong>and</strong> GDP highly co-related. <strong>Ministry</strong> <strong>of</strong> <strong>Finance</strong> <strong>and</strong> <strong>Planning</strong> Sri Lanka <strong>Annual</strong> <strong>Report</strong> <strong>2008</strong>
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2008 Annual Report Ministry of Fina
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2 This Report is Published in terms
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8 Contents Chapter 1 - Macro Econom
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16 Sri Lanka at a Glance - 2008 KEY
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18 Sri Lanka at a Glance - 2008 Con
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138 Ministry of Finance and Plannin
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