Fri, 26 Apr 2024
04:49:35
Expert Reviews:
22 Jun 2013
18:39:52
Renown top economists at the first session of Sri Lanka Economic Summit
Jun 22, 2013 (SLBO) - "Managing Fiscal Deficit", the first session of the Sri Lanka Economic Summit (SLES) will review Sri Lanka's current position, future plans and fiscal management strategies of other developing countries to ascertain what lessons could be drawn for Sri Lanka. Sri Lanka's fiscal deficit has been reduced from around 8% of GDP in the last decade to 6%-7% in the last two years. This has been achieved by reduction of the recurrent expenses, but a concurrent fall in Government revenue is of concern. The fiscal deficit also leads to escalation of the public debt. The deficit needs to be curtailed using a combination of revenue raising measures and expenditure management and controls.
Dr. P.B. Jayasundera, Secretary, Ministry of Finance & Planning will be delivering the keynote speech in this session. The Speech will be followed by a presentation on 'Fiscal Management, Lessons from Emerging Economies', by the International Monetary Fund Resident Representative to Sri Lanka and Maldives, Dr. Koshy Mathai. Dr. Mathai took up his posting in Colombo in 2009, before which he was based in Washington, where he worked in a range of countries including the US, Turkey and Zambia. He has been in the IMF for 13 years. He completed his Bachelors degree at Harvard and his PhD at Stanford, both in Economics.
Director of Aitken Spence PLC, Rajan Britto and Partner-Head of Tax Services, Ernst & Young, Duminda Hulangamura will be joining the panel discussion thereafter. The Panel discussion will be moderated by top economist Dr. Indrajit Koomaraswamy.
SLES the flagship event of the Ceylon Chamber of Commerce will be held on the 9th, 10 & 11th of July at Cinnamon Grand Colombo. The summit is the ultimate platform to gain a comprehensive understanding of the county's economy, the investment climate and the diverse opportunities available for investors andbusinessmen.
For more information and registration on the Sri Lanka Economic Summit, please visit www.chamber.lk and contact the Ceylon Chamber of Commerce on (+ 94) 11 5588805 0r alikie@chamber.lk.
Dr. P.B. Jayasundera, Secretary, Ministry of Finance & Planning will be delivering the keynote speech in this session. The Speech will be followed by a presentation on 'Fiscal Management, Lessons from Emerging Economies', by the International Monetary Fund Resident Representative to Sri Lanka and Maldives, Dr. Koshy Mathai. Dr. Mathai took up his posting in Colombo in 2009, before which he was based in Washington, where he worked in a range of countries including the US, Turkey and Zambia. He has been in the IMF for 13 years. He completed his Bachelors degree at Harvard and his PhD at Stanford, both in Economics.
Director of Aitken Spence PLC, Rajan Britto and Partner-Head of Tax Services, Ernst & Young, Duminda Hulangamura will be joining the panel discussion thereafter. The Panel discussion will be moderated by top economist Dr. Indrajit Koomaraswamy.
SLES the flagship event of the Ceylon Chamber of Commerce will be held on the 9th, 10 & 11th of July at Cinnamon Grand Colombo. The summit is the ultimate platform to gain a comprehensive understanding of the county's economy, the investment climate and the diverse opportunities available for investors andbusinessmen.
For more information and registration on the Sri Lanka Economic Summit, please visit www.chamber.lk and contact the Ceylon Chamber of Commerce on (+ 94) 11 5588805 0r alikie@chamber.lk.
© Sri Lanka Business Online,
All Rights Reserved.