tag:blogger.com,1999:blog-7167149547535484177.post7913743422316756885..comments2024-01-20T14:08:08.057+05:30Comments on Serendipity: Only 3%!!!! A chance foregone in the Budget! So there you are!Ratmale,Minneriya,Sri Lankahttp://www.blogger.com/profile/17252632858481217930noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7167149547535484177.post-82712140294616294842011-11-29T13:54:18.919+05:302011-11-29T13:54:18.919+05:303% looks like a move to appease the IMF more than ...3% looks like a move to appease the IMF more than anything else. What's going to happen in the future is that the dollar is going to weaken because that seems to be the general FED policy. It'll be very interesting what will happen in the first few months of 2012. And the recent rains should also help because we were getting screwed having to import a lot of diesel to generate power. <br /><br />I personally thought the budget was ok. as a business owner my principle concern was the income tax rate, at least that didn't change. <br /><br />Mahinda's penchant for the word hub is amusing at the least. I hope all this talk about legal hubs is just hot air and the government forgets about it.anonymousenoreply@blogger.comtag:blogger.com,1999:blog-7167149547535484177.post-47322419478090403702011-11-22T14:14:31.463+05:302011-11-22T14:14:31.463+05:30Please show me any budget speech anywhere in the w...Please show me any budget speech anywhere in the world where the minister of finance announces a devaluation of 3%.<br /><br />Only in Sri Lanka is it even thought worth making such a silly statement. If it was 10% then it is valid. At 3% it is inconsequential and probably harmful to make a song and dance about it.Anonymousnoreply@blogger.com