Once an agreement with the International Monetary Fund (IMF) is reached, it will be presented to Parliament and it will have the option to pass or reject it. If the proposal is rejected, the relevant parties should submit alternative proposals to the IMF, President Ranil Wickremesinghe said.
The President made these remarks while delivering the keynote speech at the Tax Forum 2023 held on Tuesday (21).
He said that, apart from the Sri Lanka Chamber of Commerce, no other party, person, or institution has submitted any proposals or alternatives to the IMF.
President Wickremesinghe said the country’s current tax policy is not a normal tax policy, but rather a rescue operation and if this process is disrupted, Sri Lanka will not be able to join the IMF program.
The President said that the Paris Club has guaranteed its financial support for Sri Lanka, and India is following its own method, but China has not expressed agreement about its method so far. He mentioned that their stand will be announced at the G-20 Finance Ministers' meeting on February 23 in Bangalore, India.
Popular grade five tuition teacher, Hayeshika Fernando wanted over assaulting a 21 year old youth was granted bail today after she surrendered to courts.
A British national had been arrested over attempting to smuggle in the largest haul of kush( drugs) from Thailand, customs said.
The Government of Sri Lanka maintains that the allegation of genocide during the final phase of the conflict in Sri Lanka is unsubstantiated by any credible authority, either nationally or internationally, and is based on misleading information. Sri Lanka firmly rejects this false narrative and believes it has been propagated primarily for electoral gains within Canada.
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