Revenue increased by 21 percent in first five months – Harsha
Internal revenue increased during the first five months this year by 21 percent in comparison to the corresponding period last year, Economic Affairs and Policy Planning Deputy Minister Harsha de Silva said yesterday.
He made this observation in Parliament in response to a special statement made by Opposition Leader Nimal Siripala de Silva under Standing Order 23(2).
The deputy minister said internal revenue during the first five months of this year is Rs 492 billion while the revenue was Rs. 406 billion during the corresponding period last year. He said this constituted 32 percent of the expected revenue for the five months of this year while last year it was 28 percent.
Dr. de Silva said the recurrent expenditure has increased by 12.5 percent during the same period due to the increase of salaries to government servants, pensions and other allowances. The deputy minster said the recurrent expenditure during the first five months this year is Rs 623 billion while it was Rs 554 billion last year. Dr. de Silva said Rs. 3,000 million has been allocated for senior citizens’ allowance. He added that the same allowance was increased to Rs. 2,000 from Rs. 1,000 by this government.
The deputy minister added that the number of recipients of this allowance increased to 386,080 from 248,842. He said another Rs. 5,600 million is to be allocated as Rs. 3,000 million is not adequate to pay this allowance.
The deputy minister said the government has spent Rs. 32.9 million to pay interest and fines of the persons who pawned jewellery up to Rs. 200,000. He added 14,988 persons have obtained this facility.
Dr. de Silva said the reality is that the others do not come to obtain that facility as they have taken Rs 40,000 to Rs 50,000 for one pound.
(Daily News)
Latest Headlines in Sri Lanka
- Sri Lanka President leads discussion on strengthening airport security and combating corruption December 28, 2024
- CAA imposes new maximum retail prices for canned fish effective today December 28, 2024
- Ex-Minister Manusha’s brother arrested in Rs. 3 million job scam December 28, 2024
- Mahinda Rajapaksa’s security chief Neville and son Yoshitha summoned to CID December 28, 2024
- Salochana Gamage arrested by CIABOC in Rs. 9 million bribery case December 28, 2024
Really! So you think it is because of things you have done during the five months taking effect?????@
21 percent of what
according to the world report the Sri Lankan GDP is expected to decline. The reports published by the central bank is fictitious for the simple reason that there is no reliable estimate on the area of paddy lands cultivated during the Maha/Yala seasons and that problem is compounded by the fact that paddy cultivation has been abandoned because of the high cost of cultivation, exploitative marketing of paddy.
Once upon a time, as the story go, when the Department of Agriculture was responsible for the extension of the national paddy program. This extension was integrated with the development work conducted at several research stations locate island wide. The extension department in addition to maintaining a reliable seed supply was involved with estimating regional yields through crop cut surveys . Paddy production is significant when assessing the GDP. Obviously the minister being a man of science must have postulated something or the other to arrive at this hypothesis for him to have arrive at these untested conclusions….
Further 12.5 percent increase in the recurrent expenditure ……and how much is the total amount and this a percentage of the GDP. This recurrent expenditure is for services that does not generate any income and designed to bribe the electorate and the electorate is eventually taxed with spiralling living costs.
This must be a result of “massive” development work done by this current government lead by Ranil W during last 5 months ! ( LOL )