Govt.’s incapacity to stick to budget targets hits share market and investments

Following the Govt.’s declaration that it had overshot its deficit target in its budget 2009 , and still worse , it will miss this year too , has caused a plummeting of the share market which fell 1.22 % to a more than one week low on the 3rd of March owing to a negative investor confidence.

Prasanna Chandrasekera , Assist. Vice president of Asia Securities said, . after the IMF putting the loan installment to Sri Lanka on hold , and the budget deficit concerns , investor confidence has eroded.