Tag: lbo

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 Thursday announced higher taxes on corporates, gambling, smoking and liquor to fund a spending spree that includes farm and electricity subsidies and jobs for unemployed. Sri Lanka Thursday announced higher taxes on corporates, gambling, smoking and liquor to fund a spending spree that includes farm and electricity subsidies and jobs for unemployed. President […]

Paddy farmers got a bumper harvest in the Mahinda Chintana budget, with subsidized fertilizer and paddy buying prices upped by one rupee to Rs.17.50. Paddy farmers got a bumper harvest in the Mahinda Chintana budget, with subsidized fertilizer and paddy buying prices upped by one rupee to Rs. 17.50. The Budget proposal said that all […]

The government will allocate Rs.350 million to write off unpaid loans accumulated by the fabric processing industry in 2006.The government will allocate Rs. 350 million to write off unpaid loans accumulated by the fabric processing industry in 2006. The move will help the government restart fabric manufacturing in Thulhiriya and in Horara. The state is […]

Presenting his maiden budget, President Mahinda Rajapaksa said his government would rebuild the agro sector to support the rural economy.Presenting his maiden budget, President Mahinda Rajapaksa said his government would rebuild the agro sector to support the rural economy. Key inputs to develop the rural agro economy will include special loan shchemes, subsidized fertilizer and […]