Money Minded

The Treasury Secretary says Sri Lanka’s national budget for 2005 is geared to generate funds internally without waiting for donor assistance. The Treasury Secretary says Sri Lanka’s national budget for 2005 is geared to generate funds internally without waiting for donor assistance. “If donor assistance fits into our development strategy, we take it. But if we can consider better ways, we do that – and the best way is taxation,” said Secretary to the Treasury on Friday, the day after the UPFA government’s budget presentation in Parliament.

Tax Goodies

The changes
to the VAT structure will replace the previous two VAT schedules – the 15
percent VAT and the exemption schedule – with five.

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