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Sri Lanka Equity Forum » Stock Market Talk » it cant be a negative budget..

it cant be a negative budget..

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1 it cant be a negative budget.. on Mon Oct 24, 2016 11:41 pm

Mubin Mustafa


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
accroding to sources budget is 3G economy friendly budget..JKH going to blast on its project.

2 Re: it cant be a negative budget.. on Tue Oct 25, 2016 10:49 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Simply speaking over years our export income is much less than imports value. Deficiency is covered by borrowings. Concessions given to public are increasing. None can prune such due to power struggle. This trend goes on in the future as did in the past. Eventually nothing would be new in next budget presentation as debt ridden country is like a square peg in a well.

3 Re: it cant be a negative budget.. on Tue Oct 25, 2016 2:47 pm

uf1991


Equity Analytic
Equity Analytic
Budget will be okie i guess. Expedeture side they have controlled by cutting expenditure.

Revenue will be boosted by VAT15%.

I dont think this tym budget will have any one off taxes which will harm business confiedence,

JKH wont blast until casino operation license are given to waterfront project. In 2013 all the project feasibility study was done with casino operation being part of the property. It was a major set back for them. Still its a viable project and will give JKH okie return.

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