The changing faces of fiscal policy and possibilities
By Patrick de Silva
So Asia-Pacific’s Best Finance Minister 2016 was sent on a different assignment, and the reigns of the exchequer now lie in the hands of Hon. Mangala Samaraweera, who takes the helm at a challenging time. The pressures of the ongoing disaster situation apart, burgeoning costs, flagging revenues, the falling rupee, inflation, growing public debt and a balance of payments crisis will no doubt give Samaraweera much to think about.