State-run SriLankan Airlines will get 20,000 million rupees from tax payer funds to repay old debt and interest, President Anura Kumara Dissanayake said, presenting a budget for 2025.Attempts by previous administrations to sell the airline has failed due to no takers, he said.
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The Road Development Authority (RDA) has spent Rs. 14,715 crore on road reconstruction projects that fall outside its jurisdiction, according to a recent report issued by the National Audit Office.
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In his concluding remarks during the Budget Speech, the President said that never has Sri Lanka had a chance like this to catch up with the modern world.
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In its February edition, business magazine LMD reports that “the optimistic outlook for economic sentiment prevails as confidence strengthens amid positive trends.”
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With Indian giant Adani last week withdrawing from the proposed $ 1 billion 500 MW wind power project in Sri Lanka, analysts were quick to provide a comparative financial analysis.
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The poultry industry recently called on the Government to remove or reduce the Rs. 25 per kilo tax on imported maize in the upcoming Budget, warning that failure to do so could lead to a sharp increase in the price of eggs and chicken during the Sinhala-Hindu
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The Sri Lanka Pharmaceutical Manufacturers Association (SLPMA) urged the government to create a level playing field for domestic pharmaceutical manufacturers to compete with imported pharmaceutical products.
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Sri Lanka President Anura Kumara Dissanayake will need to walk a tightrope in his budget Monday, seeking to reduce the economic burden on the poor while taking steps to keep a $3 billion International Monetary Fund bailout on track.
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Solutions to short-term challenges should not compromise long-term strategies
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