Sri Lanka’s new administration is set to present a Rs. 695 billion supplementary estimate with amendments to five tax acts in parliament to boost the revenue.
The Cabinet of Ministers has approved a proposal by Prime Minister and Finance Minister Ranil Wickremesinghe to amend five tax revenue acts to increase public revenue.
The five are - Inland Revenue Act, VAT Act, Telecommunication Levy Act, Betting & Gaming Levy Act and Fiscal Management Act.
The move is in line with the new interim government's aim of increasing public revenue to meet essential expenditure averting an economic crisis, Finance Ministry sources said.
The Government has announced an alternative relief budget as an interim measure. (Bandula)
The funeral of arguably the Queen of the Sinhala cinema Malini Fonseka, will be held with state honours on Monday, May 26, 2025, at the Independence Square.
The NPP government has been at the wheel for almost 6 months now. The time to keep looking at the rear view mirror and living in the past is about over.
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