Annual Report 2008 - Ministry of Finance and Planning

1. Macro Economic Perspectives
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is also a challenge and greater commitment on the part of
the project executing and implementing agencies as well as
the development partners would be helpful to make most
effective use of these resources envelop.
The work of the Tax Commission planned in the context of
the 2009 Budget is expected to begin its work soon. It is
expected that this would make helpful recommendations
to greatly simplify the tax system and introduce a more
efficient and equitable tax system in the country.
With the liberalization of the East and North and strengthened
security in strategic places and general improvement in the
law and order, it should be possible to maintain expenditures
in these areas at a reasonable percentage to GDP. It is also
essential to protect the government’s core investment
program aimed as currently planned to facilitate regionally
balanced faster growth while providing the required social
safety nets for the most vulnerable, including early resettlement
of the internally displaced people.
Successful handling of these challenges would pave the
way for a take-off in the Sri Lanka economy towards the
realization of Mahinda Chintana Goals.
Ministry of Finance and Planning Sri Lanka
Annual Report 2008