Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan government to limit expenditures at all ministries
Thu, Oct 18, 2018, 11:02 pm SL Time, ColomboPage News Desk, Sri Lanka.

Oct 18, Colombo: Amid the economic crisis resulting from the depreciation of rupee against the dollar and rising oil prices, the Sri Lankan government has decided to limit the expenditure of all ministries.

Proposals need to limit the expenses of the ministries will be submitted in the next year's budget, the Secretary to the Ministry of Finance and Mass Media, Dr. RHS Samaratunga said.

Speaking at a conference in Colombo today, the Secretary to the Finance Ministry said this step will be taken under the regulation of public expenditure and debt management.

He said that despite low economic growth, inflation and unemployment in the country remains at a favorable level.

The Secretary said the government has implemented various programs to encourage investments and several plans to increase state revenues will be implemented in the future.

The Secretary further stated that during the last three years money allocated for education, health and welfare has been increased and those provisions will be continued uninterruptedly.

 

ColomboPage - Recent 10 Stories ::
A three member committee appointed to inquire Angunakolapelessa Prison incident
-- [7 hours ago]
Sri Lankan court sentences two ex-LTTE cadres to prison for attack on Air Force camp in Anuradhapura
-- [7 hours ago]
Sri Lanka officials to visit Israel to promote tourism
-- [8 hours ago]
Sri Lanka participates at Norwegian travel fair 'Reiselivsmessen 2019' in Oslo
-- [9 hours ago]
Sri Lanka Central Bank subscribes to Rs. 90 bn T- Bills at the request of Treasury under 'exceptional circumstances'
-- [9 hours ago]
Sri Lanka, Philippine leaders discuss ways to further strengthen bilateral engagements in many fields
Case against Chief of Defiance Staff to be heard on April 03
Mass grave in Mannar in Northern Sri Lanka unearths 300 human skeletons
Government to distribute new ambulances to 132 hospitals
Sri Lanka to sign 6 MoUs with Philippines during President's visit

Copyright © 2000, 2016 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.