Tag: lbo
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 exemptions.The Sri Lankan government announced Tuesday that all International Cricket Council (ICC) events held in this cricket-mad island will be given total tax exemptions. Finance Minister Sarath Amunugama said the concession would […]
Milk & Honey
Treasury Secretary says GDP growth will surpass six percent this year but independent economists give sharply lower forecasts. Treasury Secretary says GDP growth will surpass six percent this year but independent economists give sharply lower forecasts. Dr P. B. Jayasundera says higher tourism earnings and a better performance from agriculture will help the economy post […]
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.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. Official invitations sent out by the […]
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 week’s keenly contested presidential poll.Sri Lanka plans to lean on foreign aid and debt relief to trim its deficit, though Tuesday’s budget will be […]
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. Sarath Amunugama’s speech, please click on the links below.The Freedom Alliance Govenment on Tuesday presented its second budget since coming into power after the snap April 2004 polls. To read Finance […]
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 government may use it to boost its electoral fortunes.Sri Lanka’s main opposition Sunday demanded the postponement of the annual budget until after the presidential vote next month, arguing that the government may use […]
Butt end Budget
The presidential election has cast a cloud over the budget making it less important to investors and the private sector in general. The presidential election has cast a cloud over the budget making it less important to investors and the private sector in general. Uncertainty as to what policies may be implemented or amended after […]
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 significance.While the ‘pre Presidential poll’ budget is being sidelines as election propaganda, the country’s overall financial planning process is also losing its significance. Successive governments, despite going through the pomp and pageantry of […]
Sri Lanka’s private sector cold shoulders next week’s 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 Parliament next week, but Sri Lankan businesses are not showing the interest usually reserved for a national budget. Given Sri Lanka’s practice of sudden policy changes and surprise taxes, the […]
Sri Lanka PM vows no more war on campaign trail with troops in Jaffna
Sri Lanka’s prime minister and presidential hopeful met Friday with troops in the Tamil heartland and vowed there would be no more war with Tiger rebels. Sri Lanka’s prime minister and presidential hopeful met Friday with troops in the Tamil heartland and vowed there would be no more war with Tiger rebels. Premier Mahinda Rajapakse […]
‘s private sector cold shoulders next week’s 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 Parliament next week, but Sri Lankan businesses are not showing the interest usually reserved for a national budget. Given Sri Lanka’s practice of sudden policy changes and surprise taxes, the […]
Opposition leads Sri Lanka presidential race: survey
An opinion poll Wednesday gave Sri Lanka’s opposition leader an edge in the presidential race, with a majority saying he was better able to revive the economy and the troubled peace process.An opinion poll Wednesday gave Sri Lanka’s opposition leader an edge in the presidential race, with a majority saying he was better able to […]