Tag: Budget

Oct 24, 2014 (LBO) – Sri Lanka’s President Mahinda Rajapaksa in his capacity as the Finance Minister currently delivers 2015 budget in Parliament. Watch Live:

Oct 24, 2014 (LBO) – Sri Lanka paddy farmers to get seed paddy free of charge in the budget 2015, President Mahinda Rajapaksa said, in his capacity as the Finance Minister. He said seed paddy for the 2014/2015 Maha Season will be provided free of charge to the farmers. Added to that he said the […]

Oct 23, 2014 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce expects the ‘National Budget of 2015’ will be in line with the development agenda of the government, the chamber said in a media release. The Media Release by Ceylon Chamber of Commerce The Ceylon Chamber of Commerce expects the proposals that will be presented […]

Oct 09, 2014 (LBO) – Sri Lanka’s budget for the year 2015 is more towards development rather than catering to mere election purposes, Treasury Secretary P B Jayasundera said. The 2015 budget will be presented to the parliament on 24, October 2014. “Although there was a reference made in the last weekend media that the […]

Nov 21 (LBO) – A controversial tax to force Sri Lankan companies to pay dividends would undermine the health of the commercial banks by depleting their capital, a top banker has warned. The government is keen to push dividends in order to charge the dividend tax. But private sector officials point out that choice of […]

November 21 (LBO) – Sri Lanka’s loose monetary policy came under fire at a gathering of top economists and business leaders in the country, with panelists slamming the Central Bank for pushing inflation up, creating a credit bubble and putting Sri Lanka’s balance of payments under pressure. Upside Down Though the economy was growing at […]

Nov 17, 2006 (LBO) – After creating two new state banks in successive budgets, Sri Lanka’s government is planning to merge and consolidate them with a network of existing rural banks. Sri Lanka already has two development banks, as well as medium term credit facilities that are channeled through commercial banks.The SME Bank was created […]

Nov 17, 2006 (AFP) – Sri Lanka is set to borrow heavily abroad and at home in a bid to finance a record 2.18 billion dollar budget deficit next year, official figures showed Friday. The overall budget deficit for 2007 was estimated at 7.2 percent of Gross Domestic Product while the government revised the 2006 […]

November 16, 2006 (LBO) – Sri Lanka is expecting a 9.1 percent budget deficit in 2007, with the revised budget deficit for 2006 being estimated at 8.7 percent of GDP. Sri Lanka’s Central Bank is estimating the debt to GDP ratio to fall to 91.5 percent from 93.9 percent by year end. For the second […]

November 16, 2006 (LBO) – Sri Lanka is to give a range of tax incentives and relaxed foreign borrowing restrictions to boost shipping and allied maritime activity, as part of budget proposals announced Thursday.“Sri Lanka is an island nation which is active in international trade, and we want develop shipping, and shipping service activities as […]

November 16, 2006 (LBO) – The government is giving tax benefits to the domestic construction industry in Sri Lanka to help them undertake large projects such as building flyover and townships.The government said it wanted to implement a a co-ordinated program with organizations in the industry and skills development institutions to produce craftsmen to fill […]

November 16, 2006 (LBO) – Sri Lanka is offering a 13.295 billion rupee credit line on concessionary terms to develop small and medium scale industries, President Mahinda Rajapakse said Thursday.He said over 100,000 such industries will be eligible to tap the funding line with interest payments spread between 6.5 percent to 14.0 percent. Sectors eligible […]