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ECONOMYNEXT – Sri Lanka’s Prime Minister Wickremesinghe has proposed two parliamentary committees to provide you with new income measures and watch rising issues in banks and finance corporations because the nation reels from the worst foreign money crises within the historical past of the island’s central financial institution.
Sri Lanka’s revenues are low and needs to be taken to 14 p.c of gross home product within the brief time period and 18 to twenty p.c in 10 years, he mentioned.
“For this a methods and means committee might be arrange,” Prime Minister Wickremesinghe mentioned in a nationwide handle.
“That committee will suggest methods to gather and lift reveneus.”
No point out was manufactured from establishing a committee to chop spending.
Sri Lanka’s parliament has a Committees on Public Finance, Committee on Public Accounts and Committee on Public Enterprises.
One other committee will take a look at rising drawback in banks.
“There are a collection of issues with banks and finance corporations,” Prime Minister Wickremesinghe mentioned.
“They’ve weakened. To strengthen and report on them we’d like a committee.”
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