- National debt targeted to be reduced from 90% to 70%
- Rs. 20,000 million for the construction of 50,000 km of rural roads under the 100,000 km programme
- Rs. 15,000 million for the expansion of telecom services and to achieve 100% coverage for 4G fiber broadband
- Daily wage of estate workers to be increased to Rs. 1,000 from January 2021
- Rs. 5,000 million for improvement of rural hospitals, dispensaries, and maternal clinics
- Rs. 3,500 million for accelerated forestation programme during 2021-2023 to expand forest cover by 15,000 acres
- Commodity trading hub to be implemented to aid activities at the Colombo and Hambantota Ports
- Immediate steps to be taken to construct a 300 MW coal power plant and a 600 MW natural gas power plant
- A sports economy of $ 1,000 million targeted by 2025
- Single-use polythene and plastic to be banned from 1 January 2021
- Proposal to amend EPF Act to extend retirement age to 60 years
- A 50% income tax exemption to local companies if registered before 31 December 2020
- Current VAT of 8% to continue for businesses
- 65% of foreign loans to be used for development initiatives
- Measures have been taken to improve production capacity of SPC
- A new investment zone to be introduced for local and foreign investors
Budget 2021 highlights
18 Nov 2020
Budget 2021 highlights
18 Nov 2020
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!