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island.lk 02 Aug, 2022 00:30 am

IPS Proposals for the Interim Budget – The Island

IPS Proposals for the Interim Budget – The Island

Food related issues coming to the fore in Sri Lanka (File pic) Share Tweet Ahead of the presentation of the Interim Budget, the Institute of Policy Studies of Sri Lanka (IPS) has recommended policy proposals for inclusion in the forthcoming Budget.Trade Policy Despite strict import controls, Sri Lanka’s trade deficit in merchandise goods widened in 2021.Sri Lanka must prioritise fertiliser imports and reintroduce fertiliser subsidies to paddy and vegetable farmers to raise productivity and prevent a resource shift that will impact overall economic efficiency.Focus on increasing exports in sectors that use minimum foreign raw materials: There are certain products in which Sri Lanka enjoys a comparative advantage in global markets, requiring low imported raw materials in production such as tea, spices and mineral products like graphite.

Food Security and Nutrition Policy IPS research shows that long-term environmental, social, and economic trends heightened by domestic and international challenges have eroded the resilience of Sri Lanka’s agri-food systems.Health Policy Sri Lanka’s health system is recognised as an efficient, low-cost model.

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