|Sri Lanka Budget 2015|
President delivers budget proposals for 2015
Sri Lankan President Mahinda Rajapaksa in his capacity as Finance Minister presented the National Budget 2015 to parliament today.
2015 Budget highlights:
Mahinda Rajapaksa today announced a special tax which will be introduced for
also said that a US$ 100 casino entrance tax will be introduced.
tax (VAT) to be reduced to 11 per cent from the current 12 per cent.
of Ceylon to be recapitalized by Rs 10 billion next year.
150 million to be reinvested on Sri Lanka’s national carriers SriLankan
Airlines and Mihin Lanka in 2015.
- Pay As
You Earn Tax (PAYE) to be reduced to 12%.
price of paddy to be increased from Rs 34 to Rs 40 per kilogram while
seed paddy to be given free of charge to farmers.
to introduce pension scheme for apparel sector employees.
subsidy of Rs 350 to farmers will continue, President Rajapaksa said.
monthly allowance of Rs 3,000 for kidney patients.
to be allocated for mobile medical clinics in order to provide free medical
checkups for every citizen.
teachers to be provided with a monthly allowance of Rs 2,500.
guaranteed price for local fresh milk to be increased to Rs 60 per litre while
the price of locally manufactured milk powder is to be reduced by Rs 100 per
yoghurt to be reduced by Rs 3.
number of Grade 5 Scholarship students to be increased from 15,000 to 25,000
while their monthly allowance will be increased from Rs 500 to Rs 1,500.
benefits to be increased to Rs 3,000 for 4-memeber families and Rs 2,000 for
to introduce pensions scheme for Sri Lankan nationals employed abroad.
formula to be sold through Sathosa outlets at a subsidized price while the
President requested other supermarket outlets to also provide subsidies for
Mahinda Rajapaksa at the Budget reading said that dual citizenship will be
granted for foreign employees.
to introduce pension scheme and insurance for three-wheeler drivers.
disable persons to receive Rs 3,000 monthly grant while the monthly allowance
provided to Senior Citizens is to be increased up to Rs 2,000 per month. July
Strikers’ allowance increased by Rs 1,000.
monthly allowance of Rs 750 provided to the parents of tri-forces personnel
increased to Rs 1,000 and also extended to the parents of police officers.
students who don’t gain enough marks to enter universities will be given jobs
in government sector after a special training.
of living allowance for government sector employees to be increased by Rs.
will be given for police Constables.
and life insurance to be introduced for trishaw drivers
1,500 will be provided as a scholarship for students who pass grade-5
- Mahapola schoarship stipend to be increased upto Rs. 4000 by 2015
- Aerospace Engineering Unit will be established at the Moratuwa University
- EPF payment from the employer to be increased to 14%.
million rupees allocated for development of Maharagama Cancer hospital. Special
programs to develop cancer units in Anuradhapura and Ratnapura hospitals.
medical clinics will be held at religious places in Grama Sevaka Divisions
island-wide. Sum Rs. 500 million allocated.
loans will be provided for law interest rate of 6 per cent to be settled in 5
million rupees allocated to develop irrigation projects in dry zone.
500 buses will be imported for public transportation purposes.
tariffs for small and medium-sized enterprises (SMEs) that use below 300 units
to get a 25% tariff reduction while other sectors and industrial sector to get