Sri lanka Budget

Dollar_man · September 25th, 2009, 10:04 AM

Use this thread to post all information about the sri lanka federal budget.

Can somebody that knows where to find budget information post the 2009 budget in its main sectors, such as defence, infrastructure, education spendings etc. I went on to the treasuary website but the budget there was confusing. we would prefer it in a nice neat format with a pie chart.

use this thread for 2010 budget also due to be released in november.

please dont spam information like in the govt treasuary sites, i could not understand one peice of information in their budget, i used wikipedia to find the defence spendings for 2009.

Thanks

I love money

sjinadasa · September 25th, 2009, 10:44 AM

Don't think they'll present a full blown budget this time since several elections are set to be held soon. Saw that on a paper.

banuthev · December 5th, 2009, 01:17 PM

Sri Lanka Insurance Corp declares bonus to policyholders

Sri Lanka Insurance Corporation (SLIC) has declared a three billion rupee interim bonus to life policy holders, with another bonus likely to come before the end of the 2009 financial year, a senior official said.

Insurance companies pay bonuses to life insurance policy holders if the life insurance fund makes profits higher than forecast during the financial term.

SLIC has a life insurance fund valued at over 39 billion rupees, the largest in Sri Lanka.

"This in fact is only the interim bonus for the year 2009. Our customers can continue to expect further returns when the 2009 bonus is declared. The 2009 bonus is likely to be equal or higher than the interim bonus," Nalaka Godahewa, managing director, SLIC said.

"Of course this will be very much dependent on the investments made in the financial instruments and the market conditions prevailing at the time."

Insurance funds primarily invest in government debt instruments and are a captive financing source needed to plug budget deficits that often arise due to excessive state subsidies.

The lack of an active corporate bond market has also hurt insurance companies that need long term instruments, often over 15 years, to invest in.

In Sri Lanka the only other investment option is the stock market and some over-the-counter derivative products that are low on liquidity, making them unattractive.

SLIC's life insurance fund has large investments in some of Sri Lanka's blue chip companies and is the largest shareholder of the private hospital, Lanka Hospitals, formerly part of the Apollo Hospitals chain.

September 25th, 2009, 10:04 AM	#1
Dollar_man BANNED Join Date: Sep 2009 Posts: 62 Likes (Received): 0	Sri lanka Budget Use this thread to post all information about the sri lanka federal budget. Can somebody that knows where to find budget information post the 2009 budget in its main sectors, such as defence, infrastructure, education spendings etc. I went on to the treasuary website but the budget there was confusing. we would prefer it in a nice neat format with a pie chart. use this thread for 2010 budget also due to be released in november. please dont spam information like in the govt treasuary sites, i could not understand one peice of information in their budget, i used wikipedia to find the defence spendings for 2009. Thanks I love money

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September 25th, 2009, 10:44 AM	#2
sjinadasa SL Join Date: Jun 2006 Location: Colombo Posts: 980 Likes (Received): 11	Don't think they'll present a full blown budget this time since several elections are set to be held soon. Saw that on a paper.

December 5th, 2009, 01:17 PM	#3
banuthev ~ Sri Lanka ~ Join Date: Nov 2008 Posts: 1,287 Likes (Received): 5	Sri Lanka Insurance Corp declares bonus to policyholders Sri Lanka Insurance Corporation (SLIC) has declared a three billion rupee interim bonus to life policy holders, with another bonus likely to come before the end of the 2009 financial year, a senior official said. Insurance companies pay bonuses to life insurance policy holders if the life insurance fund makes profits higher than forecast during the financial term. SLIC has a life insurance fund valued at over 39 billion rupees, the largest in Sri Lanka. "This in fact is only the interim bonus for the year 2009. Our customers can continue to expect further returns when the 2009 bonus is declared. The 2009 bonus is likely to be equal or higher than the interim bonus," Nalaka Godahewa, managing director, SLIC said. "Of course this will be very much dependent on the investments made in the financial instruments and the market conditions prevailing at the time." Insurance funds primarily invest in government debt instruments and are a captive financing source needed to plug budget deficits that often arise due to excessive state subsidies. The lack of an active corporate bond market has also hurt insurance companies that need long term instruments, often over 15 years, to invest in. In Sri Lanka the only other investment option is the stock market and some over-the-counter derivative products that are low on liquidity, making them unattractive. SLIC's life insurance fund has large investments in some of Sri Lanka's blue chip companies and is the largest shareholder of the private hospital, Lanka Hospitals, formerly part of the Apollo Hospitals chain.