Debt burden will not be passed on to the future generation; PM

Debt burden will not be passed on to the future generation; PM

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Prime Minister Ranil Wickremasinghe has said that the debt burden

of the country will not be passed on to the future generation. The Prime Minister said that the Government expected to liberate the country from the huge debt trap in the next 10 years. No tax burden will be put on the small scale entrepreneurs. Premier Wickremasinghe was speaking at the 14th annual summit of the Sri Lanka Association of Accountant’s Technicians
Speaking further at the inaugural ceremony of the Annual Conference of AAT, the Prime Minister said that the Government’s priority was to stabilize the economy.
Premier Wickremasinghe said that unless the country modernize its economy, it would be very challenging to bring about the changes that is necessary for a high-growth economic trajectory.
He assured that debt will no longer be a problem in another five years as that issue has been taken to task by the upcoming Budget 2017.
He emphasized on the factors of productivity and efficiency as vital components in improving the economy and insisted that incentives would be awarded to projects based on its benefits and that every project would not be provided with eternal tax holiday schemes.
The theme of the conference which commenced yesterday was “Digitalization for Accountants.” The Conference which ended today was also addressed by many veterans in the field of accountancy. Minister Harin Fernando also addressed the meeting.