Fixing Sri Lanka’s Gaping Trade Deficit
By W.A Wijewardena -June 10, 2013
Dr. W.A. Wijewardena
Finance Ministry plans to go for import substitution and not for structural reforms
Annual Report of the Ministry of Finance and Planning for 2012
Last week saw the release of the Annual Report of the Ministry of Finance and Planning for 2012. Though it is a report pertaining to a Ministry, since the Ministry of Finance is the focal point in the economy, it is a comprehensive analysis of the current state of the Sri Lanka’s economy with a detailed presentation of the economic strategies to be adopted by the Government to fix numerous issues presently facing the economy.
Thus, the Ministry Annual Report is the last of the four reports which one can peruse to learn of the state of the country’s economy. The first three were the State of the Economy 2012 issued by the independent think tank, Institute of Policy Studies in November 2012, Annual Report of the Central Bank for 2012 made public in early April 2013 and the Report issued by IMF after the consultations its staff had with Sri Lanka’s authorities in its Article IV Consultations series in February 2013 but released to the public domain in May 2013.
A well-written readable report
