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Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
Featured Insight
Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
Featured Insight
Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
Featured Insight
Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
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Sri Lanka annual GDP growth projected to be around 4.5% – 5 % in 2024
Sri Lanka's 2024 economic outlook shows 4.5%-5% GDP growth, rising inflation, stabilized interest rates boosting private sector credit, and strengthened external resilience through tourism earnings, remittances, and...
2024-11-28
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Sri Lanka seeking US$ 3bn under IMF Extended Fund Facility
Sri Lanka is in talks with the International Monetary Fund (IMF) to borrow at least US$ 3 billion via the lender’s extended fund facility (EFF), sources familiar with the matter told Reuters.
2022-06-03
Daily Mirror
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Sri Lanka finance minister to present Rs 695mn supplementary estimate on June 08
Sri Lanka Prime Minister Ranil Wickremesinghe in his capacity as Finance Minister will present a supplementary estimate of 695 billion rupees to parliament next Wednesday (08), preceded by a special statement on Tuesday (07) on the state of...
2022-06-02
EconomyNext
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Govt. ends imports licencing of select products but slaps higher taxes
The Government has done away with licencing of non-essential imports, a move enforced in March but slapped higher taxes as a restrictive measure to better manage the pressure on scarce foreign reserves.
2022-06-02
Daily FT
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Sri Lanka issues gazette hiking value added tax from June 01
Sri Lanka has raised value added tax to 12 percent from 8 percent with effect from June 01 through an extraordinary gazette published at midnight on May 31 as attempts are made to contain a runaway budget deficit engineered in 2019 by Keynes...
2022-06-01
EconomyNext
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