Last Updated : 02-10-2014 11:18

 
 

Budget 2011

President presents development budget

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President Mahinda Rajapaksa presented his budget for 2011 in Parliament yesterday with emphasis being placed on the acceleration of development projects, and incentives on export and import industries which aims at increasing the country’s per capita income by US $ 4000 by 2016.

 

Views: 6830

Allowance increase

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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
Views: 16733

Jobs for graduates

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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
Views: 14893

Liquor, Cigarettes and Casino tax up

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Taxes on Liquor, Cigarettes and Casinos increased by 35% to 40% , President said during the 2011 Budget speech
Views: 16016

Pension scheme for private sector

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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
Views: 12007

Start afresh

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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
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Tax exemption for airlines

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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
Views: 10519

Medicine import tax removed

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Import tax on medical supplies and medicine will be removed completely, President said during the Budget speech
Views: 9302

Tax on Int’l calls

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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
Views: 10484

Rs.3 billion for war heroes

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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
Views: 10203
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Rescued…
Let it be free and fair
Children show colours
Shashindra takes oaths