- Last Updated on 13 November 2015
Minister of Finance Mr. Ravi Karunanayake said that since the government invited the Swiss Bank account holders to deposit their money here, Sri Lankan banks have received 450 million US dollars. Accountholders at Swiss banks were invited to deposit their money through the banking system in Sri Lanka, promising a return of 2- 3 percent interest.
Finance minister had said that no questions asked from those who bring deposits into the country and further steps would be taken to ensure those deposits legally safe in future.Explaining the details the minister said there are some foreigners among the depositors including two Saudis and two from Qataris
- Last Updated on 12 November 2015
Minister of Finance Ravi Karunanayake said that the Yahapalana Government’s new budget on November 20will be capital oriented while aiming at higher revenue than recurrent expenditure.The Minister said that much more than the previous allocation the capital expenditure will be significantly increased in the coming budget.
The Minister also said that the budget is aiming to raise taxes in areas which have not been looked at before without placing a greater burden on the public.
“Unknowing and unprofessionally neglected areas are being looked at for revenue generation. It will create revenue, the revenue will be greater than the recurrent expenditure of the year 2016.But the revenue plan won’t have a cost impact on the people," Minister Karunanayake said when a group of Sri Lankan based foreign correspondents met him in his ministry Wednesday evening.
- Last Updated on 09 November 2015
As the funeral of the Ven Maduluwawe Sobitha Thera is scheduled to be held on November 12 with State honours, the Ministry of Finance announced that the scheduled meeting of the Ease of Doing Business Forum will not be held on that day. The government has also declared Nov 12 as a day of mourning.
The Ease of Doing Business Forum organized by the Ministry of Finance to provide on the spot solutions to the problems faced by the investors and the business enterprises was to be held at 2.00 PM on Nov 12 at Miloda centre in Colombo.
The new date of the fifth meeting of the Ease of Doing Business Forum will be notified later.
SDR 117.4 million (US$ 165 million equivalent) investment to implement the Water Supply and Sanitation Improvement Project to be financed by the International Development Association of the World Bank
- Last Updated on 06 November 2015
The Government of Sri Lanka has identified that having reliable source of safe drinking water is a basic right of the people. Accordingly, one of the targets of the Government in relating to the Water Sector in Sri Lanka is to increase piped water coverage from the existing level of 45 percent to 60 percent by 2020. It will greatly be supported by Water Supply and Sanitation Improvement Project 2015-2020, which is to increase access to pipe borne water services, focussing on 540 most needy Grama Niladhari (GN) divisions in selected 7 districts. The said districts are; Mullaitivu, Kilinochchi, Nuwara-Eliya, Badulla, Kegalle, Moneragala and Rathnapura. The objectives of the project are also to improve sanitation facilities of targeted groups in the said districts and to strengthen the capacity of the Department of National Community Water Supply (DNCWS).