Home / Letters to the Editor/ 10 points that will make this Budget and make the Government

10 points that will make this Budget and make the Government

Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 5 March 2019 00:00

1) A strategy to reduce the interest rates in the country. No business can be done by borrowing at 14-20%.

2) Pay the money due by the State to the private sector to ensure the companies can pay for their upkeep.

3) Have in place a strategy to attract the informal sector into the mainstream by providing an immediate amnesty for three months.

4) Make taxes competitive to attract more people into the tax net.

5) Fast track the foreign national residency scheme. 

6) Provide support and incentives to resurrect the capital markets. This Government has destroyed the market.

7) Ease the regulation in the property market and the banking sector. Selectively reintroduce regulation without going overboard. Tax the super luxury out of the market. For e.g. like the Bentley and Ferrari. Nothing much could be expected by the current bureaucracy, unless the political leadership is strong.

8) Fast-track the education voucher system. Put money in the hands of the students.

9) Release unproductive State lands on lease to the private sector.

10) Incentivise the exporters, by reviewing the crazy taxes and duties imposed on them. 



Share This Article

Facebook Twitter


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Ministry of Civil Aviation: A nation rich in connectivity

Wednesday, 23 October 2019

lIncrease runway movement from 11 to 17 departures per hour at BIA. lFacilitate an optimum structure to ensure a strong network of airports.

Elpitiya test market: Implications for brands Gota and Sajith

Wednesday, 23 October 2019

In the traditional world of marketing, we tend to test market a product before going national with it. There are three test marketing areas that are normally selected by FMCG companies - Gampaha, Kandy and Negombo. The logic behind this is that the c

How to promote innovations to transform our nation

Wednesday, 23 October 2019

“There is only one thing stronger than all other armies of the world: and that is an idea whose time has come” – Victor Hugo A country’s economic success and prosperity largely depends on the technological advancement it embraces and the leve

An efficient energy sector for economic growth

Tuesday, 22 October 2019

When I saw the advertisement about an Energy Forum organised by PUCSL for a Policy Dialogue on the importance of an efficient energy sector for economic and investment growth, I was very happy as I have been interested in this relationship for more t

Columnists More