- Last Update 2024-07-02 13:56:00
Confusion over budget amendments
Sri Lanka’s Treasury is in the dark over the submission of finance bills, necessary circulars and guidelines to collect revenue following unprecedented amendments introduced in the 2016 Budget during and after the committee stage of the debate.
The issuance of relevant circulars, gazette notifications and operating instructions to the relevant line ministries and agencies, giving effect to the budget proposals has been delayed due to uncertainty in the administration of the Finance Ministry, official sources revealed. Widespread speculation of heads rolling at the ministry in the New Year has hampered work, a senior official who wished to remain anonymous told the Business Times.
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- June 29, 2024 - 866 - 0
Israeli Tourist found safe after three-day search in Trincomalee
Tamar Amitai, a 25-year-old Israeli tourist who went missing in Uppuveli, Trincomalee, was found safe after a three-day joint search operation today.
- June 28, 2024 - 314 - 0
Former MP Hirunika Premachandra sentenced to three years RI
The Colombo High Court today (28) sentenced former parliamentarian Hirunika Premachandra to three years of Rigorous Imprisonment over charges of the involvement of an abduction.
- June 26, 2024 - 190 - 0
All bilateral loans postponed until 2028; President
In his special statement, President Ranil Wickremesinghe announced that debt restructuring agreements will postpone all bilateral loan payments to foreign countries until 2028. Additionally, Sri Lanka will have until 2043 to repay these loans on concessional terms.
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