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International media appreciates the budget

Nov 23, 2010 4:45:47 AM - itnnews.lk

The International Media have said that with the budget the Sri Lankan Government has launched a programme to utilize the benefits of peace for economic development. The International Media has made this observation while reporting on the budget presented by the President in Parliament yesterday.

The Wall Street Journal in the US says that with the budget that supports the aspirations of the people, the President has entered the correct path. The budget has been presented 1 ½ years after the conflict. The Newspaper points out that the budget is giving the benefits of peace to the country.

Reuters News Agency says that it is the budget with the least deficit in 19 years. It further says that the target is to reduce the budget deficit to 6.8 percent during next year.

The BBC points out that the budget has presented plans to reach the development targets through tax reforms. The BBC has further said that the budget has presented the programme to increase the per capita income to 4000 dollars by 2016.