Sri Lanka is likely to raise taxes and curb spending in its annual budget to meet the International Monetary Fund’s conditions and maintain a $3 billion bailout, but elections next year might see the government delay some reforms. | Latest News from Sri Lanka - November 13, 2023
Colombo anticipates the timing and before approving the budget law announces the change in VAT from 15 to 18% from next year. In addition, some exemptions to essential goods and services will be removed, which will hit people and families in poverty the hardest, in the wake of the increases in electricity tariffs
LankaWeb – Privatization: From One Thief s Offshore Account to Another lankaweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lankaweb.com Daily Mail and Mail on Sunday newspapers.