Tax concessions next month–PM

30 August 2017 03:56 am - 11 - {{hitsCtrl.values.hits}}

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Prime Minister Ranil Wickremesinghe yesterday assured that the government will come up with some tax concessions next month.

The Premier made this statement at a ceremony organized by the ministry of housing to distribute housing loans to 1100 families in the Colombo District at Temple Trees last evening.

“We will come up with a package of tax concessions next month. Those investors who provide employment to people will be given tax concessions under this package,” the Premier said.

“The country was deeply in debt when this government took over. However, today we have managed to control the debt. We have managed to control the country’s debt to some extent through the Hambantota Port agreement. Sri Lanka will be in a position to pay off its debt by 2020. What we have done during the past two years is taking the country out of the debt trap,” he added.

He said the government had been able to generate 150,000 jobs during the past two years.

Minister of Housing Sajith Premadasa said over 2 million families in the country are either without a house of their own while there are others who have not been able to compete the construction. “This government has already commenced work on more than 450 Uda Gamas and the government will be able to complete 500 Uda Gamas by the year 2020,” he said.

Further, he said the governments in the past did not focus on housing needs of the people. “Previous regime only focused on giant development projects. These projects put the country in a debt trap. The housing problem could have been solved if the funds spent for giant development projects were spent on housing instead,” Mr. Premadasa added. (Yohan Perera)

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Comments - 11

Anja Wednesday, 30 August 2017 07:21 AM

Only talks via DM Android App

varuandhar Wednesday, 30 August 2017 07:23 AM

We fully appreciate your attempts to free the Sri Lankan economy from a "debt trap" and achieving significant success in that end. The problem is these arguments could only be understood by an educated few. You need to "market" what you do in a proper way using the mainstream and social media.....

EducatedFew Wednesday, 30 August 2017 05:38 PM

so you are one of those educated few I guess

varunadhar Wednesday, 30 August 2017 06:17 PM

Dear EducatedFew,Yes, I can safely say that I am more educated than Modawansa et al.

alex Wednesday, 30 August 2017 08:31 AM

the out come of these efforts will be seen only in the long run and is not visible as quick development showcases like MR period.How many people in this country will understand this

r86 Wednesday, 30 August 2017 08:33 AM

tax concession to mps of Diyawannawe... via DM Android App

DD Wednesday, 30 August 2017 08:43 AM

Please relieve people from paying tax on bank interest, especially old people, whose only source of income in old age is bank interest to spend for their food and medicine.

sathees Wednesday, 30 August 2017 09:01 AM

these are election gimicks

Premalal Wednesday, 30 August 2017 10:57 AM

The quicker this country rids herself from likes of these so called crooks in leaders garb is better for it.

ceylon Wednesday, 30 August 2017 09:24 AM

new minister appoited to promote development projects of the government.but still not oromote anything. nobody knows government did anything good. via DM Android App

Hemaka Wednesday, 30 August 2017 04:02 PM

I'v been hearing or reading speachers like the very same that i've just read from PM. So I hope to lots more of this in the remaining tenure as well. Can he ever realy CHANG?

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Tax concessions next month–PM

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