Budget 2021 provides bedrock for govt.'s future development work: Cabraal

Says Budget 2021 is pro-growth and aimed at getting country’s macro fundamentals in order. Points out conscious effort was made to keep tax policy unchanged to create policy stability

Budget 2021 provides the “bedrock” for the development work planned by the government years ahead while getting the country’s macroeconomic fundamental in order and ensuring accelerated growth, Money, Capital Markets and State Enterprise Reforms State Minister Ajith Nivard Cabraal said.

“This budget is the foundation of the development work planned by the government. It is the bedrock. It is a growth-oriented budget that strives to get our macroeconomic fundamentals right while ensuring higher growth,” Cabraal told a post-budget webinar organised by the advisory firm, KPMG.

He said a conscious effort was made to continue with the tax policy that was initiated in January 2020, which would give the country’s business community as well as the foreign investors that the government is serious about maintaining policy stability.