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Rs.10,000 allowance for 61,000 low income families

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Interim Budget 2022 highlights :
President Ranil Wickremesinghe presenting the interim budget in Parliament yesterday.

* Sri Lanka to become a fully developed country by 2048

* Allowance for expectant mothers increased to Rs. 22,500

* Samurdhi benefits increased between Rs.5,000 – Rs.7,500

* Rs.5000 allowance for 726,000 persons who are in the Samurdhi waiting lists

* Loans and interest of 28,000 small scale farmers scrapped

* State sector retirement age to be reduced to 60 years

* Disable allowance increased by Rs. 2500

* Value Added Tax (VAT) to be increased from 12% to 15%

* Concessions for fishermen and estate workers to purchase Kerosene

* Private sector assistance to improve Railway service

* Kelani Valley railway line to be developed as a pilot project

* 20% stake of Bank of Ceylon and People’s Bank will be divested to employees, depositors

* Agriculture, dairy farming and seed production to be improved

* A Direct General to be appointed to monitor corruptions in the State Institutions

* A new institution to restructure State organisations

* Control Money Printing

* All above 18 to be registered with the Inland Revenue Department

* Monitoring Committee to oversee dispose of scrap materials in Govt. institutions

* A branch of the KDU to open in Kurunegala

* Tax concessions for locally assembled electric bicycles with at least 50% local value addition

* Inflation to be brought down to single digit

* Government revenue to be increased by 15% in 2025

* Action to bring 2.5 million tourists next year

* Encourage private sector educational instutions to attract foreign students

* Depoliticization of Central Bank monetary policies and decisions

* Permanent deeds for those having land certificates

Wednesday, August 31, 2022 – 01:20











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