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* Capital expenditure for ministries slashed 15%
Wed, Jun 19, 2019, 12:36 pm SL Time, ColomboPage News Desk, Sri Lanka.

June 19, Colombo: The Ministry of Finance has reportedly advised all ministries to reduce the capital expenditure announced by the budget by 15% due to financial constraints faced by the government.

The government has not been able to meet its revenue targets this year after the Easter Sunday terrorist attack, and the government is said to be facing difficulties in raising funds for extra expenses incurred due to the attack.

It has been reported that the government is in need of a lot of money to uplift the tourism sector which has been hit by the attack and the government has not yet paid the bills for last year's projects to the tune of Rs. 99 billion.

 

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