Sri Lanka's main opposition leader Ranil Wickremasinghe listens to President Mahinda Rajapakse (unseen) read the 2011 budget speech in parliament in Colombo on November 22, 2010. Rajapakse, who is also the island's finance minister, announced major tax reforms aimed at boosting the post-war economy. He slashed taxes on many capital goods, farming, banks, apparel and gem exports and announced plans to liberalise foreign exchange laws to boost investment.
Sri Lankan President Mahinda Rajapaksa, left, reads the budget proposals for year 2011 as Prime Minster Dissanayake Mudiyanselage Jayaratne, second left, and other ruling party members listen at the parliament house in Colombo, Sri Lanka, Monday, Nov. 22, 2010. Rajapaksa was sworn in Friday for a second six-year term.
Sri Lankan President Mahinda Rajapaksa reacts as he presents the budget proposals for year 2011 at the parliament house in Colombo, Sri Lanka, Monday, Nov. 22, 2010. Rajapaksa was sworn in Friday for a second six-year term.
Sri Lankan President Mahinda Rajapaksa reads the 2011 budget in Parliament in Colombo November 22, 2010. Sri Lanka's president proposed a 2011 budget on Monday promising a swathe of tax cuts and the lowest deficit in 19 years, aiming to quicken the pace of post-war economic revival. However, there were few specifics about how revenue would be raised in the budget, the first full-year spending plan since the country won a quarter-century war over the Tamil Tigers separatists in May 2009.
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