Annual Report 2010 - Ministry of Finance and Planning

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ContentsChapter 1 Development Perspectives 21Economic Policy in Brief 22Macroeconomic Overview 25Reconciliation and Development 35Thrust on Public Expenditure 43Economic Infrastructure – Randora 46Power and Energy – Towards an Energy Hub 46Roads 51Ports – Towards a Naval Hub 59Aviation – Towards an Aviation Hub 60Transport 61Water Supply and Sewerage – Towards Quality Living 64Irrigation - Water is Our Heritage and Life 69Health – Towards a Quality Life 78Education and Technology – Towards a Knowledge Society 87Communication 91Tourism 92Environment - A Land in Harmony with Nature 94Real Economy – Towards High Productivity 94Agriculture 94Livestock 99Plantation 101Fisheries 103Industry 104Regional Development – Gama Neguma 105Rural Development 105Reducing Regional Disparities 109Welfare and Social Security 112Grass-root Development 112Welfare and Social Safety Measures 119Housing 121Private Sector Development 122Capital Market Activities 122Private Sector Development 125
Domestic Demand 127Domestic Demand Supply of Goods and Services 127Investment and Savings 133Inflation 135External Sector 136Balance of Payments 136Labour Force 140Employment Creation 140Labour Productivity 141Wages 142Labour Standards 143Chapter 2 Fiscal Development 145Overview 146Government Revenue 149Government Expenditure 156Recurrent Expenditure 156Public Investment 160Performance of the Provincial Councils 169Debt Management 170Chapter 3 Reforms INITIATIVES 173Overview 174Tax Reforms 174Banking Sector Reforms 185Capital Markets Reforms 186Insurance Reforms 187Procurement Related Reforms 188Other Reforms 191Chapter 4 state owned enterprises (soe) 201Overview 202SOE Contribution to the National Economy 202Partnership Role in Development 203Finance Sector 205Infrastructure Development Enterprises 216Service Sector 223Performance and Issues of Other SOEs 231
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03REFORM INITIATIVES173
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Annual Report 2010 - Ministry of Finance and Planning

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