ECONOMYNEXT – President Ranil Wickremesinghe has said he will prioritize the inclusion of proposals from the private sector in this year’s budget, and separately examine related areas.
Wickremesinghe said this when he met leading private sector figures at a 2024 pre-budget discussion held at the Presidential Secretariat yesterday (1), according to a statement released by his media office.
“Leaders of private sector institutions presented proposals to the President, focusing on increasing government revenue and efficiency, as well as measures to support various industries, including attracting investors, the tourism industry and the garment industry,” the statement said.
“They urged the President to prioritize measures aimed at overcoming the current economic crisis and addressing the challenges faced by business people in various sectors in this year’s budget.”
President Wickremesinghe expressed his “commitment to giving careful consideration to the ideas and suggestions put forward by the leaders of private sector institutions.”
Wickremesinghe intends to conduct separate discussions on each of these areas in the future, the statement continued. (Colombo/Nov 2/2023)
An independent and efficient private sector is a positive contributor to the economy, and more so the small and medium industry and businesses who are the largest employers.