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
Sri Lanka's 2015 budget focused on long term development - Central Bank Governor
-- [4 hours ago]
Sri Lanka joins China-led Asian Infrastructure Investment Bank
-- [5 hours ago]
Sri Lanka hires eighth lobbying firm in the US
-- [6 hours ago]
Sri Lanka business chamber to host seminar on bilateral trade with UK on October 29
-- [8 hours ago]
Counter arguments raised to support Sri Lankan President's eligibility for the third term
-- [8 hours ago]
Three Sri Lankans alleged of spying for Pakistan charged in Indian court
-- [9 hours ago]
Sri Lanka ruling party secretary launches campaign for prime minister post
Beggars under watch in Sri Lanka after an abducted child was found with a beggar
Snap presidential election is unconstitutional, Sri Lanka Marxist party tells EC
Sri Lanka CID investigates Rs. 1.5 billion fraud in purchasing coal for Norochcholai power plant

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.