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Sri Lanka Equity Forum » Stock Market Talk » SL’s future growth depends on foreign investor confidence: WB

SL’s future growth depends on foreign investor confidence: WB

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PrasannaMani

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Manager - Equity Analytics
Manager - Equity Analytics
SL’s future growth depends on foreign investor confidence: WB


Sri Lanka’s future growth will depend on foreign investor confidence, which in turn will depend on fiscal consolidation and an end to the political deadlock between the unity government’s major parties, a World Bank report said this week.
“Fiscal consolidation amounting to 3.5 percent of GDP by 2020 will lift investor sentiment, but weigh on growth and, especially, infrastructure spending in the near-term. Political deadlock in the coalition government, on near-term spending priorities, could hinder the pace of reforms,” it said.
The current government managed to push the budget deficit up to 7.4 percent of GDP in 2015 by fulfilling election promises, before cutting the deficit down to 5.6 percent of GDP in 2016, slightly off its target of 5.4 percent of GDP.
Although fiscal consolidation will cut growth, an uptick in private consumption and increased foreign direct investments would push growth up to 5-5.1 percent over the next three years from 4.8 percent in 2016, according to the World Bank.
However, the development lender said that the local investment growth would continue a downward trend due to the tightening of the monetary policy, which has raised financing costs.
The report said that slippages on fiscal consolidation could cast doubts on reducing public debt to more sustainable levels.
“A transparent medium-term framework for the budget would help stabilize public debt. Improved public financial management and efficiency at national and sub national levels (e.g., through fiscal rules), would help to anchor expectations of fiscal sustainability,” it said.

However, the World Bank noted that in addition to discipline in spending, revenue raising has also improved under the International Monetary Fund’s extended fund facility, which is providing US $ 1.5 billion in balance of payments support.



- See more at: http://www.dailymirror.lk/article/SL-s-future-growth-depends-on-foreign-investor-confidence-WB-122265.html#sthash.Wn1dbzUO.dpuf

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Independent local economists had explained the importance of fiscal consolidation since the war ended. None listened to the proposals made to overcome the crisis. Now all are in a necropolis.
Look at how ft.com has defined the fiscal consolidation.

"Fiscal consolidation is a reduction in the underlying fiscal deficit. it is not aimed at eliminating fiscal debt. Fiscal deficit is the amount by which government expenses exceed income is the fiscal deficit. If income exceeds spending, the government has a budget or fiscal surplus. A balanced budget is one in which spending equal revenue."


Anyone who rules the country should focus the above priority. If not the sinking ship cannot be saved. Good Luck.

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@worthiness wrote:Independent local economists had explained the importance of fiscal consolidation since the war ended. None listened to the proposals made to overcome the crisis. Now all are in a necropolis.
Look at how ft.com has defined the fiscal consolidation.

"Fiscal consolidation is a reduction in the underlying fiscal deficit. it is not aimed at eliminating fiscal debt. Fiscal deficit is the amount by which government expenses exceed income is the fiscal deficit. If income exceeds spending, the government has a budget or fiscal surplus. A balanced budget is one in which spending equal revenue."


Anyone who rules the country should focus the above priority. If not the sinking ship cannot be saved. Good Luck.
MPs to get ROLLS ROYCE under yahapalana!

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Stock market is supposed to be the barometer which reflects a nation's economy. Where did these guys shove the barometer into???????????

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@samaritan wrote:Stock market is supposed to be the barometer which reflects a nation's economy. Where did these guys shove the barometer into???????????

Where was the barometer when the market plunged to 4700?

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@skyfall wrote:
@samaritan wrote:Stock market is supposed to be the barometer which reflects a nation's economy. Where did these guys shove the barometer into???????????

Where was the barometer when the market plunged to 4700?
Do we have a war situ now????????????

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@samaritan wrote:
@skyfall wrote:
@samaritan wrote:Stock market is supposed to be the barometer which reflects a nation's economy. Where did these guys shove the barometer into???????????

Where was the barometer when the market plunged to 4700?
Do we have a war situ now????????????

Get a life man. You are typical person applies puke tinkiri all the time. 
Before give pora talks just studied when it was happened.

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