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The governments budget for next year will give substantial salary hikes for government sector workers while creating new jobs and improving infrastructure.
A top minister said that underdeveloped industries would be looked at closely as a means of new employment generation.rn

rnThe budget will be presented to parliament on the 12th of this month rn

rnSome of the proposals include plans to bring down the cost of living and push for infrastructure development in rural areas.rn

rnThe country is also hoping to qualify for an enhanced aid distribution scheme, which the US government is proposing, called the ldblquote Millennium challenge programme
dblquote . rn

rnThe USAID programme, which is aimed at promoting growth and reducing poverty in developing nation, has set criteria to qualify for the scheme.rn

rnWith the fund increasing its assistance this year to Asian and African countries Sri Lanka is also anticipating an inclusion in the beneficiary list. rn


-LBR Newsdesk: