Sri Lanka Will Implement New Stimulus Policies For Textile And Clothing Industry.
By the end of June,
Sri Lanka
The budget for 2010 was formally promulgated after parliament passed.
The budget focuses mainly on phasing out the deficit.
Its main measures are to reduce recurrent financial expenditure and control government investment behavior within 6-7% of GDP.
At the same time, we will build a new tax system with wide tax base, low tax rate and simple tax system, and optimize the use of state-owned assets.
At the same time, the budget proposal will be right.
Spin
and
clothing
The manufacturing industry has implemented new industrial stimulus policies to maintain the competitiveness of the industry. The budget has set agriculture, IT outsourcing and petroleum exploration services, jewelry industry, furniture, ceramics and tourism as leading industries, and has become a bright spot for fiscal revenue growth.
In addition, the budget will introduce tariff free treatment for raw materials and intermediate products, and high tariffs will be imposed on imported homogeneous goods to protect domestic industries.
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