Live Blog
Sri Lanka Budget 2016 (Budget Speech) will take place today (November 20) 2pm at the Parliament.
Minister of Finance Ravi Karunanayake will present the Budget Speech.
"Lanka University News" ready to bring Live Web Blogging session for the 2016 Budget Speech from 2pm.
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ජාතික අයවැය - 2016
Updating >>>>
06:14 PM | - PAYE tax limit to be changed to Rs 2.4 million per annum from Rs. 750,000. PAYE will be reduced to 15% from 16 %. |
06:12 PM | - Two tax slabs - 15% and 30 % - to be introduced for different sectors while 35 per cent will be levied on casinos and 15% for other sectors |
06:11 PM | - Current total of 35 taxes to be reduced by abolishing several taxes. |
06:03 PM | - Kerosene oil reduced by Rs 10 |
06:03 PM | - Gas prices reduced by Rs 150 |
06:01 PM | - Milk powder for children reduced by Rs 100 |
05:58 PM | - Minister skips pages once again |
05:53 PM | - Minister says some pages not printed and seeks permission to print them (later) |
05:51 PM | - New contributory pension scheme for people joining government service from January 2016. |
05:50 PM | - EPF and ETF to be merged after consultation agreement with trade unions |
05:43 PM | - Private sector to get involved in Mattala airport operations |
05:42 PM | - Central Procurement Office to be set up |
05:41 PM | - Loss-making SriLankan Airlines to be transformed to a profitable regional carrier. The government carried the burden of 72 per cent of the losses to the detriment of the taxpayer. |
05:39 PM | - Open skies policy to be created enabling international airlines to fly freely to Sri Lanka. Three new domestic airports to be opened. |
05:37 PM | - Government stakes in state owned companies - Hotel Developers, Lanka Hospitals, Mobitel, etc - to be divested (sold). Receipts to be used to pay off their debts. |
05:34 PM | - State enterprises to be made independent units, Will be brought under one government owned company |
05:33 PM | - Ports and airports won't privatised but transformed to independent institutions |
05:31 PM | - Rs 100 million for Police Academy |
05:30 PM | - Police stations to be increased to 600 from 428 |
05:28 PM | - Minister skips pages saying they would be tabled |
05:26 PM | - Kidney Dialysis centre to be established |
05:24 PM | - Import tax on books, journals and magazines removed |
05:24 PM | - New private universities for foreign students to be encouraged with tax concessions. 30 per cent will be reserved for local students |
05:20 PM | - Loans for students to buy laptops with Rs 300 million allocated. |
05:20 PM | - New Mahapola University to be set up at Malabe at a cost of Rs 3 billion. |