Sri Lanka revives automatic fuel price revision formula
The government has proposed a return to the automatic fuel price formula after squandering billions on a failed attempt to ‘unplug’ Sri Lanka from …
Budget
Big Budget
Sri Lanka hopes to contain its 2006’s budget deficit at 8.2 percent of gross national product (GNP) while keeping total expenses within Rs. 1003 billion. Sri …
Sri Lanka promises Vehicle permits and higher pay for public servants
Sri Lanka is offering tax breaks on vehicle permits, higher pay and cash for unpaid leave to encourage its bloated public sector to become more efficient. Sri …
Pay Later
Sri Lanka plans to spend more and borrow further next year as expenses for defence and fuel related subsidies escalate. Sri Lanka plans to spend more and …
Not Our Budget
Budget 2006 goes to Parliament next week, but Sri Lankan businesses are not showing the interest usually reserved for a national budget. Budget 2006 goes to …
Sri Lanka offers tax-free ICC cricket
The Sri Lankan government announced Tuesday that all International Cricket Council (ICC) events held in this cricket-mad island will be given total tax …
Sugar Coating
Sri Lanka’s government is likely to announce ambitious spending plans to help low-income groups and farmers when it presents its 2006 budget proposals …
How Amunugama nearly missed the bus
Finance Minister Sarath Amunugama nearly missed presenting the 2006 budget today after his staff got the time wrong and forced him to an inauspicious start. …
Late Demands
The Ceylon Chamber of Commerce wants a pre-election budgetary position made public, before the Presidential election. The Ceylon Chamber of Commerce wants a …
Download the 2006 budget speech here
The Freedom Alliance Govenment on Tuesday presented its second budget since coming into power after the snap April 2004 polls. To read Finance Minister Dr. …
Budget – losing its significance?
While the ‘pre Presidential poll’ budget is being sidelines as election propaganda, the country’s overall financial planning process is also losing its …
Gift Wrap
Sri Lanka’s Prime Minister is promising to give paid paternity leave, duty free vehicles for good taxpayers, free spectacles for the disable, and splash …
Punters cash out of Colombo bourse pre-budget
Punters at Sri Lanka’s tiny stockmarket, cashed out on budget day with poor postal voter turnout in the North and East also adding to investors woes, brokers …
Milk & Honey
Treasury Secretary says GDP growth will surpass six percent this year but independent economists give sharply lower forecasts. Treasury Secretary says GDP …
Taxes hiked on Financial Services, alcohol,
VAT on Financial Services Sri Lanka to hike value added taxes and excise duties to fund its welfare budget, finance minister Sarath Amunugama said Tuesday. VAT …
Candy Man
Sri Lanka plans to lean on foreign aid and debt relief to trim its deficit, though Tuesday’s budget will be sugar coated to woo voters in the run up to next …
Tax changes in 2006 budget
VAT on Financial Services Sri Lanka to hike value added taxes and excise duties to fund its welfare budget, finance minister Sarath Amunugama said Tuesday. VAT …
Hanky Panky
Sri Lanka’s main opposition Sunday demanded the postponement of the annual budget until after the presidential vote next month, arguing that the …