Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan government's 2013 budget benefits only super rich - opposition
Fri, Nov 9, 2012, 11:40 am SL Time, ColomboPage News Desk, Sri Lanka.

Nov 09, Colombo: Sri Lankan government's 2013 budget would benefit only the super-rich in the country, the main opposition United National Party (UNP) says.

Economist and UNP parliamentarian Dr. Harsha de Silva says the budget presented to the parliament Thursday did not contain any relief for the ordinary people and farmers, fishermen and the hardworking people of the country have not received any benefit from the budget.

He has explained that the exemption of taxes on sports cars and the permission granted to transfer funds deposited in foreign banks indicated that the government's budget targeted only a small group of people.

The budget proposes exempting taxes on go-carts and specially designed racing vehicles to attract international sporting events and participants to those events to increase revenue from such events to US$ 500 million by 2016 from the current US$ 50 million.

According to Dr. de Silva, 99 percent of the population had been left in the lurch by the government. He questioned if the importing of racing cars would address the issues faced by the people.



ColomboPage - Recent 10 Stories
Japan to boost investments in Sri Lanka industries
-- [39 minutes ago]
Inmate in Sri Lanka prison commits suicide
-- [1 hour and 30 minutes ago]
Old Dutch Hospital in Galle Fort of southern Sri Lanka renovated as a shopping complex
-- [1 hour and 57 minutes ago]
Floating market in Sri Lankan capital to be opened Monday
-- [2 hours ago]
India urges Sri Lanka to 'engage constructively' for a political solution built upon 13th Amendment
-- [3 hours ago]
India, Pakistan, China refuse to provide information to UN team probing Sri Lanka - report
-- [9 hours ago]
Salaries Commission to submit salary recommendations for Sri Lankan public sector before budget preparation
Sri Lanka, China presidents to open the last phase of Norochcholai coal power plant
Landslide warnings issued in Sri Lanka as heavy rains continue
Third International Conference on Community Water Services begins in Sri Lanka's hill capital

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.