Budget – plan to lease Govt. lands to investors

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There is no plan to rescue Foreign exchange reserves at the end of October 2021 was US$ 2.3 billion, barely enough for two months of imports in the Sri Lanka’s 2022 budget.

Sri Lankan finance minister Basil Rajapaksa’s first budget on Friday saw revenue and grants totalling Rs. 2.3trillion while expenditure has been set at Rs. 4 trillion. There wasn’t any plan about Foreign exchange reserves crisis.

Meantime, Sri Lankan government tries to raise US 6$ bn from more than 50 prime lands in Colombo city and outstations are being offered on lease for local and foreign.

The Air Force Headquarters has been offered to the Sultanate of Oman, These two properties from Colombo-5 are offered to the Dubai investors. A Korean investor has come forward for the Welikada prison property. Government considered to lease Railway Department lands to the investors.

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