These are the economic reforms that are planned for development by the current govt.
Key points:
– 10 lakhs jobs to be created under third generation of reforms
– budget deficit to be reduced to 3.5 percent by 2020
– world economic environment will be tough next year
– steps to increase international trade with
trade agreements with India, China, explore impact of TPP
–
State Holding Corporation Limited to be created for public enterprises in line with Singapore’s Tamasek
– Public Enterprise Act to be enacted
– Special Purpose Vehicle for state enterprises with listing on CSE
– Non Strategic Enterprises to be divested to market such as 2-3 hotels, Lanka Hospitals
– International Trade Agency to be set up
– Merger of EPF and ETF with management outside of Central Bank
– National Pension Gratuity Fund to be set up
– Tea Industry Committee to improve the industry
– Sri Lanka to give freehold lands, houses to public
– Plans for a low tax regime
– Measures to be taken to plug exports to global value chains
– Exchange control responsibility to be removed from Central Bank
– Super Gains Tax, one-off taxes to be discontinued
–
Special Business Area in Colombo
– A central procurement secretariat under the cabinet
– New Acts on Investment, Trade Regulation
– Competition Tribunal for dealing with monopolies
– New council for small and medium scale enterprises
– Committee to
look into the effects of TPP to Sri Lanka with benefits that might accrue to Vietnam
– Free Wi-Fi for universities, concessions (interest free loans) for laptops to university students
– Introducing gender budgeting in 2017
– Taxes on Books and sport equipment to be removed
– Go into
territorial taxation
– economy to be “digitalized”
– create better environment for foreign investment
–
BOI, Export development board and Tourism Authority to be restructured fully
–
New agency for development
PM outlines economic reforms in parliament | Lanka Business Online
On the construction side a project to construct condominiums for the middle class people who are without permanent residences. So there will be construction projects on that side as well
PM introduces Govt. Mid-term Economic Policy Framework - UPDATED | Daily News Online : Sri Lanka's National News