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.
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Acting Attorney General Parinda Ranasinghe, was appointed as the Attorney General of Sri Lanka a short while ago.
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