Tag: Budget

The President in his maiden budget speech said new power projects needed to be implemented as a priority.The President in his maiden budget speech said new power projects needed to be implemented as a priority. However, to compensate residents for any inconvenience from the power plants, the president has proposed to offer concessionary rates to […]

The local film industry will get a series of concessions, including a rs.50 mn allocation in 2006 to set up infrastructure for acting development.The local film industry will get a series of concessions, including a rs. 50 mn allocation in 2006 to set up infrastructure for acting development. Meanwhile, foreign films will be slapped with […]

Fertiliser subsidy 8.5 bn. Sector to be freed from all taxs.Concessionary capital to vegetable and fruit farmers. Rs. 10 bn revolving fund for plantation sector and special concessions for replanting Rs. 300 mn for seed farm development ESC on plantation factories down to 0.5 percent from 1 percent Fertiliser subsidy 8.5 bn. Sector to be […]

Some of the key highlights of the revised budget for 2006: Some of the key highlights of the revised budget for 2006: • The budget deficit for 2006 was estimated at Rs.197 billion, up from Rs. 168 billion this year. • The deficit was equivalent to 7.1 percent of GDP (minus tsunami related costs) both […]

Budget 2006 Click Here to Download – Budget Speech    – Budget Proposals Budget 2006 Click Here to Download – Budget Speech    – Budget Proposals

Sri Lanka’s escalating violence and fears of a return to war have led to unease in the financial markets but analysts are hopeful the government will use Thursday’s budget to regain investor confidence. Sri Lanka’s escalating violence and fears of a return to war have led to unease in the financial markets but analysts are […]

Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start economic growth, amidst a backdrop of escalating violence that has renewed fears of the island slipping back to war. Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start […]

Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start economic growth, amidst a backdrop of escalating violence that has renewed fears of the island slipping back to war. Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start […]

A new budget that the Sri Lankan government will announce next week to fulfill some of the new President’s election promises is likely to contain welfare measures and help for farmers. A new budget that the Sri Lankan government will announce next week to fulfill some of the new President’s election promises is likely to […]

Sri Lanka plans to shortly seek Supreme Court approval to table a new budget before parliament on Dec.8, cabinet spokesman Nimal Siripala de Silva said.Sri Lanka plans to shortly seek Supreme Court approval to table a new budget before parliament on Dec. 8, cabinet spokesman Nimal Siripala de Silva said. In an unprecedented move, President […]

The debate over expansionary fiscal policy took a new turn with Finance Minister Sarath Amunugama making apparently contradictory statements in the budget, when defending himself against charges of igniting galloping inflation by printing money. “The Honourable Finance Minister’s statement is what I call an oxymoron,” says Dr. Harsha de Silva, a leading critic of the […]

Cabinet this week cleared the long pending draft electronic transaction bill, intended to facilitate the use of modern communications and information storage tools in transactions. Cabinet this week cleared the long pending draft electronic transaction bill, intended to facilitate the use of modern communications and information storage tools in transactions. The legislation will create a […]