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Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
Featured Insight
Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
Featured Insight
Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
Featured Insight
Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
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Treasury owes Rs.108 b to senior citizen deposits
Sri Lanka's Treasury owes Rs. 108 billion to banks for higher interest rates on senior citizen deposits, terminated during the economic crisis. Dr. Ranjith Siyambalapitiya, State Minis...
2024-04-26
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World Bank raises Sri Lanka's growth forecast to 2.2% for 2024
The World Bank has revised its forecast for Sri Lanka's economy, now projecting a growth of 2.2% for 2024, a significant improvement from the nation's worst financial crisis in decades. With a $2.9 billion IMF bailout in 2023, Sri La...
2024-04-02
Reuters
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Indo-Sri Lanka bilateral projects undergo progress review
In a recent diplomatic development, India and Sri Lanka engaged in high-level discussions to review their bilateral economic connectivity, demonstrating a shared commitment to enhancing cooperation. Led by Senior Advisor to the President on...
2024-04-01
Daily Mirror
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Tax concessions lead to Rs 978 bn foregone revenue in FY 2022/23
In the fiscal year 2022/23, Sri Lanka's government disclosed a significant foregone revenue of LKR 978 billion, representing 56% of the total tax revenue, due to tax concessions. PublicFinance.lk, a leading economic insights platform mai...
2024-04-01
Daily Mirror
மேலும் வாசிக்க
New public procurement regulatory framework to deter corruption
Sri Lanka is set to implement a new Public Procurement Law aimed at curbing corruption and malpractices in the procurement process, responding to reports of inefficiencies and resource wastage highlighted by the Ministry of Finance, the Audi...
2024-03-31
The Sunday Times
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