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1
Stable Sri Lanka for
Higher Socio-Economic Growth
Sri Lanka has seen unprecedented development post-war,
across the country and in many spheres. However, to continue
this 'Momentum' into the future to see the 2020 vision come
to fruition, to become the wonder of Asia, a stable political
environment and continuity of visionary leadership are required.
In furtherance of this, the "Professionals for a Stable Sri Lanka"
provides a quick snapshot of key socio-economic goals and the
vision for a more prosperous and stable Sri Lanka.
Contents
Economy
3
Education
19
Health
27
Senior Citizens
38
Infastructure
39
Energy
42
Urban Development
45
3
Economy
Towards
2020
6
Sustaining macro-economic fundamentals and trends despite global
environment fluctuations
Actual
Projections
Indicator
Unit
2009
2014
2016
2020
Real Sector
GDP Growth
%
3.5
7.8
8.3
8.0
Per Capita GDP at Market Prices
US$
2,057
3,719
4,825
7,500
Inflation (GDP Deflator)
%
5.9
6.0
5.0
4.5
Unemployment
%
5.8
4.0
4.0
3.0
Gross Investment
% of GDP
24.4
31.0
33.1
36.5
External Sector
Trade Gap
% of GDP
-7.4
-9.5
-7.2
-4.5
Exports of Goods and Services
US$ bn
9.0
17.6
25.2
33.6
Imports of Goods and Services
US$ bn
11.7
23.2
29.5
37.3
Current Account Balance
% of GDP
-0.5
-2.1
0.1
0.5
Overall Balance
US$ bn
2.7
1.7
2.9
3.0
Fiscal Sector
Budget Deficit
% of GDP
9.9
5.2
3.8
3.0
Government Debt
% of GDP
86.2
74.3
65.0
50.0
7
Sri Lanka was
trapped
in a "vicious"
cycle for more
than 5 decades
Sri Lanka is
currently
experiencing a
"virtuous" cycle
High
inflation
Low debt
levels
High
interest
rates
Low
inflation
Low
investor
confidence
Real
interest
rates
Sluggish
investment
Enhanced
savings
Low
Growth
Regular
pipeline of
investments
High
fiscal
deficit
Sustained
growth
The decades-old "vicious cycle" has now been replaced with the present
day "virtuous cycle"
8
A GDP around
US$ 150 bn, a US$ 7,000+