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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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Gross official reserves increases to USD 5 Bn
By March 2024, Sri Lanka's Gross Official Reserves surged to US$5.0 billion, propelled by significant domestic market foreign exchange acquisitions, with a net intervention totaling US$715 million for the month.
2024-05-02
Daily News
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Australia provides Rs. 952 m to strengthen COVID treatment services
The Australian Government has donated Rs.952 million worth of essential respirators to strengthen COVID treatment services. A stock of essential medical equipment including oxygen cylinders was handed over to the Minister of Health Pavithra Wanniarachchi yesterday...
2021-05-20
Daily News
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Tax concessions for 2 major projects to get Parliamentary approval today
Parliament will take up for debate two Orders under the Strategic Development Projects Act in Parliament today. The debate will look into the viability of granting tax concessions to two investment projects – the Colombo International Financial Centre and Ceylon T...
2021-05-18
DailyFT
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Sri Lanka receives US $ 500mn concessional loan from Korea
In order to further strengthen the economic cooperation between the two countries, the Government of Republic of Korea has agreed to provide a concessional loan from the Economic Development Cooperation Fund (EDCF) of the Export Import Bank of Korea (KEximbank). Accordi...
2021-05-11
Daily Mirror
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1Q tax income narrowly misses target amid spurt in economic activities
Sri Lanka’s tax income during the first fiscal quarter has only narrowly missed the target set for the period, in a clear sign of robust economic recovery staged in the first three months of the year, which came with the return of normalcy. At the Public Finance W...
2021-05-11
Daily Mirror
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