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Sri Lanka’s new Govt’s mini budget to cover 100-day programme

Jan 29, 2015 (LBO) – Sri Lanka’s newly elected government to present a mini budget to the Parliament today. The government announced a fuel tax cut on last week losing about 65 billion rupees of tax revenue to the treasury. Finance Minister Ravi Karunanayake would present the mini budget for a period of four months today and Prime Minister Ranil Wickremesinghe would make a special statement at the parliament after presenting the budget a report said.

The 100-day programme had promised to cut taxes, reduce the prices of essential goods and give relief or benefits to support the cost of living of the people.

The programme mentioned to reduce prices of ten essential commodities including rice, lentil, canned fish, sprats and sugar and tax reliefs would be provided to services used by majority of people in addition to salary increments to public sector employees.

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