- The Government last increased taxes on the liquor and tobacco industry in March 2019. That’s 30 months ago. Excise taxes from liquor and tobacco alone account for Rs. 200 billion. A 10% increase in tax will yield Rs. 20 billion per annum
- The Government tax-cuts in December 2019 resulted in tax revenue declining by Rs. 518 billion in 2020. Recouping even 10% of that by reversing some of those tax changes, that largely benefitted the upper echelons of society, can yield up to Rs. 50 billion
- The Government has in previous years said that Sri Lanka can’t spend 6% of GDP on education. But today, the Government has found a way to spend 6.5% of GDP on interest alone, each year
- In the 2021 Budget, the Government found a way to allocate an additional Rs. 20 billion for strengthening national security; a sector which already receives close to Rs. 250 billion per year for recurrent spending alone
Education crisis: A humanitarian crisis
09 Aug 2021
Education crisis: A humanitarian crisis
09 Aug 2021
Kapruka
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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!