AmCham Sri Lanka welcomes 2011 Budget

The American Chamber of Commerce in Sri Lanka (AmCham) in a statement said it welcomes the 2010 Budget and the changes contained therein to the nation’s fiscal and monetary frameworks.

“The reduction of taxes in the banking and financial sectors and the medium term fiscal strategy is a positive feature. This marks the biggest overhaul of economic policy in recent years and it will encourage the creation of a business-enabling environment for all sectors,” the statement issued by AmCham Sri Lanka President Vijaya Ratnayake said. “AmCham is confident that with focused implementation of the Budget proposals, the country will be able to achieve the desired development results,” he added.