The Government has set apart Rs.30 billion through the 2022 budget to rectify the salary anomalies of the teachers and principals that have been left unattended for over 24 years.Finance Minister Basil Rajapaksa at a meeting with teacher and principal trade unions in...

The Committee on Public Finance has approved the amendment to the Appropriation Act to increase the borrowing limit from Rs. 2,997 billion to Rs. 3,397 billion for 2021.

Foreign exchange reserves were measurred at US $2,267.5 down from US $ 2,704.2 million in September as the Central Bank settled US $492.9 million worth foreign liabilities during the month.

Disregarding average market prices, PCR testing kits had been bought from a bidder who quoted a higher price at the outbreak of the COVID-19 pandemic, thus causing a financial loss of more than Rs. 125 million, the Auditor General’s 20...