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Moving Towards Social economy ? With a Crazy Budget..

Sri Lanka 2017 budget in subsidized credit push; housing loans below policy rate | Economynext: In more interventions on banks, a multi-pronged directed credit program in the style of a Soviet Gosplan or India's 5-year plans that filled state banks and produced a Hindu growth rate style was proposed.

"I also direct banks to ensure that at least 10 percent of their lending portfolio is for Agriculture, 10 percent for SME, 10 percent for Exports, 10 percent for Tourism, 5 percent for Youth and 5percent for Women," the budget speech said.

"I further direct the banks to lend at least 15 percent of the deposits within the same area for business development."

The interventions come from an administration that claimed to start a 'social market economy,' in the country.
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