$400M allocated for local fertiliser production

The Government decided to use the sum of USD 400 million allocated to import chemical fertilisers to produce organic fertilisers locally. Accordingly, funds will be allotted to build equipment needed for manufacturing fertiliser and tasked the Engineering Corps of the Army to build the machinery at the State factory in Kolonnawa.

https://ceylontoday.lk/news/400m-allocated-for-local-fertiliser-production

Ceylon Today

2021-06-06

Related News and Insights

Government introduces new expenditure and relief t...

On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emer...

Find Out More

Public debt grew more slowly in the first three qu...

Sri Lanka’s public debt rose at a slower pace in the first three quarters of 2024 compared to the same period in 2023. Whilst domestic debt and foreign increased, the growth was notably lower than in the previous year.

Find Out More

SL exits ’Restricted Default’ rating

Fitch Ratings upgraded Sri Lanka's Long-Term Foreign-Currency IDR to 'CCC+' from 'RD' and the Local-Currency IDR to 'CCC+' from 'CCC-', citing reduced default risk after completing in...

Find Out More

View All