Business

CA Sri Lanka submits budget proposals to Basil 

Officials of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) submitted a Ministry of Finance Budget proposal  encompassing a range of suggestions including how to enhance income generation and how to increase foreign currency income, which will help boost Sri Lanka’s Covid-19-stricken economy.

In its standing as the National Body of Accountants, officials CA Sri Lanka recently met with Minister of Finance Basil Rajapaksa and Treasury and Ministry of Finance Secretary S.R. Attygalle, to discuss the upcoming national Budget for 2022.

During two separate meetings, CA Sri Lanka Tax Faculty Chairman Sulaiman Nishtar presented a set of proposals on behalf of CA Sri Lanka and the Tax Faculty to Minister Rajapaksa and Attygalle, for consideration for the upcoming Budget. The meeting with the

Finance Minister was also attended by CA Sri Lanka President Manil Jayesinghe, Vice President Sanjaya Bandara, and Chief Executive Officer (CEO) Dulani Fernando.

During the meetings, matters pertaining to the current economic situation and the increasingly important role professional bodies such as CA Sri Lanka can play in helping the Government, were discussed at length.

Amidst the Covid-19 pandemic and the related lockdowns which have severely affected the economy, the country and its people are preparing for a challenging year ahead. Therefore, CA Sri Lanka decided to assist the Government by submitting a range of proposals aimed at enhancing economic growth, including proposals in relation to bringing in more trade and investment.