Category: Budget
Sri Lanka COPE reveals Rs110bn loss from 15 public institutions
Feb 08, 2017 (LBO) – Sri Lanka’s Parliamentary Committee on Public Enterprises today presented its third interim report to the Parliament. The interim report which covers the activities from 01 May 2016 to 31 August 2016 is based on the inquiries carried out in 15 state-owned institutions. COPE Chairman Sunil Handunnetti presenting the report before […]
Economic development with thrust on education: Finance Minister
Jan 02, 2017 (LBO) – Sri Lanka’s Minister of Finance Ravi Karunanayake says there will be sustained economic development in the new year with a thrust on education spending. A new health insurance policy and more infrastructure spending are among the significant proposals being implemented in education, he said. Over 4.5 million children between the […]
Sri Lanka approves 2017 budget; aims to raise revenue through taxes
Dec 11, 2016 (Reuters) – Sri Lanka’s coalition government on Saturday won the final vote on its 2017 budget which aims to boost revenue and cut the fiscal deficit to 4.6 percent of GDP from this year’s 5.4 percent with a more than two-thirds majority. The budget, which contains some long-term reforms and measures to […]
‘s Budget 2017 under the President
How much of the Budget 2017 is under President Sirisena? – Info-graphics by Manthri.lk
Sri Lanka budget promotes inclusive growth: Lanka Securities
Nov 15, 2016 (LBO) – Sri Lanka’s budget 2017 promotes inclusive growth with an emphasis on education, infrastructure, SMEs and incentives for business, although growth and deficit targets seem ambitious, Lanka Securities said in a research note. “The projected 6.7 percent growth in economy, in our opinion is quite ambitious given the volatility in the […]
Sri Lanka targets 4.6-pct budget deficit for 2017: Ravi
Nov 10, 2016 (LBO) – Sri Lanka’s government unveiled its budget for 2017 that aimed to cut the budget deficit while increasing spending on education, health and infrastructure. The government expects a 4.6 percent budget deficit in 2017, down from 5.4 percent for this year, the finance minister said presenting the 2017 budget. Total revenue […]
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Budget 2017 *** Live Coverage ***
* Finance Minister concludes budget speech * Committee of private and public sector to ensure budget implementation * Corporate income tax to be revised to a 3-tier structure 14%, 28% and 40%. WHT increased from 10% to 14% * Tax incentive for exporting of vehicles * Income tax to be streamlined * Reduce indirect taxes […]
Budget 2017 will rectify all anomalies: Finance Minister
Nov 09, 2016 (LBO) – Sri Lanka’s Minister of Finance said that the 2017 Budget will be a pro-growth budget which will focus on the deficiencies for the last several years. “Accordingly the budget would have proposals to rectify all the anomalies that are there to deal with export sector to create job,” Ravi Karunanayake, […]
Low tax regime & capital allowances from 2017 budget: Sri Lankan PM
Oct 27, 2016 (LBO) – Sri Lanka’s 2017 budget proposals will include proposals to introduce a low tax regime in the island coupled with a program of capital allowances, the premier said. Prime Minister Ranil Wickremesinghe making a special statement in Parliament today said these new proposals aimed at increasing investment and job creation. “Finance […]
Sri Lanka allocates Rs1.8tn for 2017 in Appropriation Bill
Oct 20, 2016 (LBO) – Sri Lanka’s government has allocated 1,819 billion rupees to meet the estimated expenditure requirements of next year through the appropriation bill presented to the Parliament today. Presenting the bill, Finance Minister Ravi Karunanayake said the cabinet approval has duly been granted for the bill. As per the released bill, the […]
Finance Minister obtains proposals for budget from Ceylon Chamber
Oct 18, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake recently met with the committee members of the Ceylon Chamber of Commerce to obtain their views on the upcoming Budget presentation. The discussion was chaired by Chairman of the Chamber Samantha Ranatunga and each committee member was given an opportunity to express their views […]