Budget Speech

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Updates new

• Strategy of this year’s Budget
• Overall Expenditure Framework for FY 2006-2007

Previous Budget

» National Budget 2005-2006

» National Budget 2004-2005

• Accelerate economic growth by further streamlining the strong macroeconomic framework that is in place through continuous reforms and create  employment opportunities

• Elevate Human Development Index (HDI) with the increased allocation in education, health and other social sectors along with qualitative improvement

• Ensure financial security of the disadvantaged by widening social safety nets;  promote private sector initiatives and investment by adopting prudent fiscal and monetary policy

• Reduce the cost of doing business by developing physical infrastructure

• Ensure economic good governance, improve law and order, maintain internal security and enhance public management capacity

• Budget deficit in the proposed budget has been scaled down to 3.7 percent of GDP

• 56.3 percent of total resources have been directed towards direct and indirect poverty-reducing spending

• Trade, commerce and investment will remain buoyant and the growth will reach in the neighbourhood of 7 percent

• Due to reforms in monetary sector, the price inflation is expected to come down below 6 percent