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Economic experts, trade union leaders and provincial politicians hailed the budget proposals. PDF Print E-mail
Saturday, 25 October 2014 18:38

Economic experts, trade union leaders and provincial politicians hailed the budget proposals. They say the proposals show a clear vision for better future to the country. At a press briefing held in Colombo today, they pointed out the budget proposals can be considered as a summary of the all budget proposals presented by the government during the past nine years. Professor Ranjith Bandara of the Economic department of the Colombo district says the proposals have set the background to strengthen forward march of the country. Sri Lanka has become the middle income country following the end of the war. It has arranged facilities for thee industrialists to start ventures in rural areas. University students and academic and non academic staff as well have benefits from the budget.

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The budget has focused much attention on development and social justice. PDF Print E-mail
Saturday, 25 October 2014 13:24

The second reading of the budget was started in the parliament this morning. Opening the debate on behalf of the government Senior Minister Dr. Sarath Amunugama said that the budget has focused attention on both aspects of development and social justice. He said that 70 percent of the labour force of this country is engaged in the small and medium sector enterprises. He said the budget has proposed to increase the production of these sectors. Dr. Amunugama said that the budget has also focused attention on human resources development. The students' grants including the Mahapola Grants have been increased. Allowances have been provided for the feeble sectors of the society. 97 percent of the people in the country have been provided with electricity facility. The electricity charges have been slashed by 25 percent.

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July Strikers have commended the budget concessions. PDF Print E-mail
Saturday, 25 October 2014 13:22

The July strikers union pointed out that the budget presented by President Mahinda Rajapakse in the parliament yesterday was a budget that has provided concessions to the public servants, pensioners, low income earners and the July strikers.

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Intellectuals from various sectors hail the budget proposals PDF Print E-mail
Saturday, 25 October 2014 07:04

Ministers and intellectuals hail the budget proposals. Prime Minister D.M Jayarathne says budget proposals have been prepared considering public demands and aspirations. Minister Wimal Weerawansa says the budget proposals are astonishing and even the opposition parties will be happy about them. Senior Minister Dr. Sarath Amunugama says benefits of development have gone to all sectors of the society. Minister Basil Rajapaksa stated that the government has been able to provide concessions while improving the infrastructure facilities. Minister Pavithra Wanniaarachchi says government has been able to reduce electricity charges as large scale power stations had been constructed. Minister Dilan Perera pointed out that no public representative is able to oppose budget proposals. Minister Susil Premajayantha said that special attention has been focused on small and medium level entrepreneurs. Minister Dinesh Gunawardena stated that the government has listened to the peoples' requests. Minister Maithreepala Sirisena expressed satisfaction for the amount allocated for the promotion of health sector. Governor of the Central Bank Ajith Nivad Cabral said people have received concessions from the budget as the country has achieved a rapid development at present.

 
The Treasury points out that budget has focused attention on making Sri Lanka a high income earning country by the year 2035. PDF Print E-mail
Saturday, 25 October 2014 13:23

Economic scholars point out that President Mahinda Rajapakse has laid the foundation through the 2015 budget to make Sri Lanka a high income earning country by the year 2035. The budget is not merely a budget confined to a period of one year. The Deputy Secretary of the Treasury S.R Aatigala said that the budget is a continuation of the budgets presented by the president during the last nine years and targeting achievements to be made in the next 10 years. When the President assumed power in the year 2005 the main responsibility held by him was to liberate the country from terrorism. Upon achieving this objective the President presented budgets targeting to make Sri Lanka a middle income earning country by the year 2020. Accordingly, prime attention was given for the development of infrastructure facilities.

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The Secretary General of the Commonwealth will arrive in the country today. PDF Print E-mail
Saturday, 25 October 2014 13:21


The Secretary General of the Commonwealth Kamalesh Sharma will arrive in the country on a five day official visit today. During this visit Mr. Sharma will hold discussions with President Mahinda Rajapakse, Speaker Chamal Rajapaksa, Minister of External Affairs Prof.

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2015 budget provides pay hikes and concessions for all sectors PDF Print E-mail
Saturday, 25 October 2014 07:02

President Mahinda Rajapakse presented the 2015 budget proposals to the parliament last evening with many relief including pay hike for all sectors. Accordingly, a new salary structure will be introduced for the public servants with effect from January. All special allowances paid to them at present will be added to the basic salary. Minimum salary of the public servants will be increased up to 15,000 rupees. Cost of living allowance will increase by 2,200 rupees. As it takes time to prepare the new salary scales an interim allowance of 3,000 rupees will be paid to the public servants from November. For pensioners the amount is 2,500 rupees. After preparing the salary scales the fully increased salary will be paid from July next year with the arrears as well.

Casual and temporary employees who have completed 180 days service in Corporations and Statutory Boards will be made permanent. The president proposes to increase the minimum salary of the private sector up to 10,000 rupees. Their monthly salary will be increased by 500 rupees. The 12 percent of the salary paid by the employer for the EPF will be increased to 14 percent. Salary anomalies of the pensioners will also be rectified. Interest rates of the savings of senior citizens in State Banks will be increased up to 12 percent. The tax on interest will be removed.

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