Budget 2011

A 5% monthly allowance increase as a non pensionable allowance will be provided for all public servants and security personnel. Rs.600 increase in cost of living allowance from January to all public servants, security personnel in staff category, President said during the Budget speech

10,000 graduates will be given employment in Engineering, Planning, and Agriculture and other sectors, while 1500 graduate will be taken as management trainees for state banks and financial institutions

Taxes on Liquor, Cigarettes and Casinos increased by 35% to 40% , President said during the 2011 Budget speech

A pension scheme for the private sector employees will be put in place, with 2% contribution from the employee and employer each, the President proposed during the Budget speech

All the BOI projects that have failed to initiate during the last five years have to apply afresh, the President said during the Budget speech

SriLankan Airline and Mihin Lanka will be exempted from taxes to increase their profitability within the next ten years, the President proposed during the Budget speech

Import tax on medical supplies and medicine will be removed completely, President said during the Budget speech

Local call chargers will be reduced to Rs.1.50 from 2 per minute, while a tax of Rs. 2 per minute will be added to International calls from June, the President said during the Budget speech

President commencing the budget speech in parliament a short while ago said that three billion rupees have been allocated for the economic welfare of the security forces. The President also added that a grant of Rs 100000 will be provided to every third child born to a family of a soldier