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Budget 2015

24 October 2014 08:06 am - 64     - {{hitsCtrl.values.hits}}


President Mahinda Rajapaksa as the Minister of Finance and Planning is due to present the Budget 2015 shortly before the Parliament. 

16:32  First reading of the Budget 2015 concluded.

16:26 Proposal made to increase the minimum salary of a private sector employee to be Rs. 10,000 by 2015 / Rs. 500 allowance to be added each month and the EPF payment from the employer to be increased upto 14%

16: 21 Special allowance of university academics, doctors and judiciary service employees to be increased

16:19 Minimum salary of a state sector employee to eb increased upto Rs. 25,000 inclusive of an increase of upto Rs. 2,200 in the cost of living allowance

16:18 EPF payment from the employer to be increased to 14%.

16:18 I suggest reasonable salary increase for private sector employees, too.

16:17 Special allowance of state sector employees to be added to their salary/ minimum salary of a government sector worker to be increased upto Rs. 15,000

16:09 Parents whose children are serving in the military and Police to be paid Rs. 1000 monthly with effect from January 2015

16:08 A special monthly allowance to be paid to widows of July strikers Electricity tariffs for hotels and shops to be reduced with effect from November, 2014

16:07 Pension and insuarance scheme for trishaw drivers

16:00 Rs. 3000 monthly allowance for differently-abled persons and Rs. 750 to be paid monthly as transportation allowances for differently-abled children

15:58 Monthly allowance given to elders to be increased upto Rs. 2000 with effect from January, 2015

15:51 Rs. 1200 million to be allocated to construct a new shopping complex comprising of 1500 shops in Pettah

15:46 Sri Lankan expats to be granted the facility to import a vehicle worth 60% of the total annual foreign revenue they bring into the country, inclusive of tax concessions

15:45 A special pensions scheme to be introduced to migrant workers

15:44 Samurdhi allowance to be increased - Rs. 3000 monthly for a family with four or more/ Rs. 2000 monthly for a three-member family/ Rs. 1000 for families with less than three members

15:37 Financial allocations made to develop research facilities in national universities

15:36 Aerospace Engineering Unit will be established at the Moratuwa University

15:35 Mahapola schoarship stipend to be increased upto Rs. 4000 by 2015

15:34 50,000 scholarships to be given to students from low income families unable to enter universities/ every student to be given Rs. 3000 monthly allowance

15:31 Teaching assistants to be paid a monthly allowance of Rs. 9500

15:30 A school based new teacher recruitment scheme to address the teacher shortage in schools.

15:29 Rs. 1500 million allcoaed to develop sanitation and other facilities of rural schools/ 2Grade five scholarship beneficiaries to be given Rs. 1500 instead of Rs. 500 they receive

15:28 Rs: 2500 monthly allowance for pre-school teachers

15:25 Every citizen to be provided a full medical checkup - Rs. 500 million allocated for a special programme to carry out early detection of various diseases

15:23 Rs.3000 monthly allowance to be provided to those afflicted with the Kidney disease

15:19 Price of yoghurt and milk powder by local manufacturers to be dropped by Rs. 3 and Rs. 100

15:18 Special programmes to be implemented to improve the quality of life for women and children from fishing communities

15:14 Pension scheme to be introduced for Apparel sector employees

15.11 150 million for SriLankan Airlines and Mihin Lanka for 2015 and Bank of Ceylon to be recapitalised by Rs. 10 million by 2015

15:09 Several proposals and financial allocations made to develop and uplift tea, rubber and coconut crops

15:07 Cess tax on rubber imports to be increased by Rs. 10 per kilo

15:02 President while stating that crop damages by wild elephants will be compensated however said that no elephant is capable of harming the government, in response to an opposition comment

15:00 Motorcylces to be provided to postmen at concessionary rates.

14:59 Rs .2000 million additional funds to be allocated to resolve salary anomalies of railway employees

14:55 Sri Lanka to be a member of a Chinese bank that comprises of 22 other member states

14:51 Rs. 17 billion to be allocated during 2015 - 2017 for airport renovation and developments

14:50 500 small buses to be imported

14:49 Rs. 17 billion to be allocated during 2015 - 2017 for airport renovation and developments

14:48 Charges of the first 25 units of household water supply to be reduced by 10%

14:47 Income tax and Customs Departments systems to be computerised with effect from tomorrow and online services to be offered

14:46 A special Tax Scheme for  the motor vehicle imports instead of the current system.

14:45 VAT to be reduced to 11% - payee tax limited to 16%

14:44 100 USD tax to be charged as entrace fee in Casinos

14:41 47 out of 54 state institutions have been turned into profit making establishments

14:36 Budget deficit to be reduced to 3.85% by 2016 and 3.2% by 2017

14:35 state sector expanded to 1.3 million

14:32 Per capita income to reach 7500 USD by 2020 - turning SL into a high middle income country

14:28 2020 export aim to be 20 billion USD

14:26 100,000 undergradutes to be accepted into national universities by 2020

14:25 Life expectancy to reach 80 years by 2020

14:22 Number of individuals migrating for employment dropped 22% this year - 7000 million USD income to be generated through migrant workers

14:22 Export revenue to exceed 11,500 million USD this year

14:21 New taxes imposing with effect from tonight will encourage competitive industries

14:18 Over 1.1 million tourist arrivals and rapid development in the tourism sector

14:15 Unemployment among youth aged between 18 - 30 dropped from 15% to 13.1%

14:13 A total of 750,000 houses given to low income families apart from the renovation of low income and disaster/conflict affected homes

14:03 hostel facilities to be provided to over 25,000 undergadutes / salaries and research allowances of academics increased by twofolds

14:00 several expressways to be completed by 2017 including Ruwanpura and Northern highways

13:59 President says SL to reach 4000 USD per capita income by 2015 - a year earlier than expected

13:57 Economy grown by 8% as a result of developments in investment and tourism

13:53 President asks TNA to unite with the government

13:53 Need to develop programs that promote education, health, and eradicate poverty - local government including district and provincial councils to be stregthened to achieve these goals

13:50 President: Several international summits held in Sri Lanka during the past year and the manner in which were were able to defeat the agendas of a handful of individuals in the local and international arenas attempting to promote extremist schemes against SL using the UNHRC, reflects the excellent foreign relations we have managed to maintain

13:48 Defense budget dropped from 5.5% to 3% and the funds were channeled rural infrastructure development

13:46 New livelihoods and new prospects for the youth and children after the end of the war

13:44 President says former leaders have placed special emphasis on agriculture development

13.35  The President started delivering the Budget 2015 speech

  Comments - 64

  • Manuelpillai Saturday, 25 October 2014 10:40 AM

    Is not this a pre-election Budget? All are promises which need not be taken seriously at all.

    Fdo Friday, 24 October 2014 06:38 PM

    Allocated 600mn for provincial councils for recruit 15000 new employees ha ha what a joke 600mn/15000Rs 40,000/- per yearper month Rs 3,333.00

    bababoo Friday, 24 October 2014 06:40 PM

    It is for the "so called patriots" ,to the "so called patriots" by the "so called pariots".

    krishantha Friday, 24 October 2014 07:58 PM

    vehicle tax what happen in this budget ?

    San Friday, 24 October 2014 08:17 PM

    Good long term vision it hada.congraz.because of u we live peacefully.

    ayyoooo Friday, 24 October 2014 08:20 PM

    Allowance increased only for Doctors.... What abt ENGINEERS who are playing major role in Development........

    bababoo Friday, 24 October 2014 08:28 PM

    You do not need a doctorate in economics to analyse these budgets. Just arithmetic will be enough as these are very basic budgets.

    Suq Madique Friday, 24 October 2014 08:31 PM

    As usual Santa has not forgotten to keep the best for the rich....

    BK Friday, 24 October 2014 09:05 PM

    Life expectancy to be 80. There are kids dying from Kidney disease.Allowance for Kidney patients wow who is paying the people who imported this poison or the normal tax payer.

    Nihal Friday, 24 October 2014 09:26 PM


    Kopi kade Friday, 24 October 2014 09:30 PM

    I wonder y these people always critise our president ...Why .. Why... I demand an explanation...I never saw a supporting comment..... Always ..Dude wait a minute i say... MR will give you something unforgettable targeting almost everyone..(including me also ah)...I fear what hapens after elections....Budhu saranai namo namo maatha...

    senior citizen Friday, 24 October 2014 09:50 PM

    Budget is a real "Pus Wedilla" for pensioners and senior citizens living on fixed deposits in financial companies. They have been completely ignored.

    Asanka Friday, 24 October 2014 11:45 PM

    Future forecast best ever budget seen after so many regimes. This will help, if proceeded in proper way, to develop the country in different angles giving benefit specially for the future generation.Any educated person should be able to analyze and compare rather than talking nonsense.Most of the commenters seems to be at very primary stage and too hurry to comment on even without knowing the detailed content. This may be the reason for us to be still undeveloped.

    Ashan Saturday, 25 October 2014 02:46 AM

    NOOOOOOOOOO!!! ekenma "NO"

    Sonali De Silva Saturday, 25 October 2014 04:44 AM

    How about banks increasing the rates of fixed deposits for pensioners who live on its interest.

    warna karu. Saturday, 25 October 2014 09:05 AM

    from the not positive comments we see how people think.. SRILANKANS ARE very suspicious is not the presidents problem these people have fear of success ,do not believe in I AM prosperity.. they will never be happy sittin on a ROCK OF DIAMOND..I AM truly sorry 4 these hope 4 them...I do not know yyy but I meet such people everyday in sl but never inother countries..

    Harsha Friday, 24 October 2014 06:21 PM

    "Proposal made to increase the minimum salary of a private sector employee to be Rs. 10,000 by 2015"I saw lot of post going through social media, when RW proposing this for his presidential proposal. Now what you guys have to say when MR proposing 10,000 salary increment?.

    Zulkifli Saturday, 25 October 2014 10:59 AM

    The 2015 Budget is laudable indeed. Sincerely hope that the proposals benefiting the poor and the Senior Citizens can be maintained for a long time to come.

    K Perera Saturday, 25 October 2014 11:02 AM


    Amila.G Saturday, 25 October 2014 11:14 AM

    Reality is not rosy as what comes out of the mouth .

    Kalu Saturday, 25 October 2014 11:34 AM

    In whatever the way the detractors as expected has to say, one thing is crystal clear. Be ready for a series of defeats in coming elections. Have any doubts folks!

    desmond pererea Saturday, 25 October 2014 12:07 PM

    Yes ,.........this is the 3rd time...........yeah no vote formmour families....

    Government Pensioner Saturday, 25 October 2014 12:47 PM

    1. Rs 2500 from November 2014 2. Salary point of each pensioner from 1980s, 1990s, 2000d and 2010 brought forwards to 2015 from September 2015.

    Sunil Saturday, 25 October 2014 12:52 PM

    Sena the blessed one has told about suffering, its part of this samsara, you should be able to accept it and live. No person can be satisfied wholly so then there is what you call suffering. You should not blame others you are responsible for your sufferings. So Sena you seems to be very young start now to focus on the teachings of the blessed one. Please forgive me if I hurt your feelings. Thank you

    sunil Saturday, 25 October 2014 01:01 PM

    Jayantha Please dont insult the Postman, Postal service is one of the oldest government establishments remaining. Most countries have curtailed this service. In Canada you have to go and get your letters

    sunil Saturday, 25 October 2014 01:02 PM

    Sammy you should visit Africa to see real Banana republics

    d Saturday, 25 October 2014 01:14 PM

    14:55 Sri Lanka to be a member of a Chinese bank that comprises of 22 other member states -Whats the name of this chinese bank and the reason for joining it

    Wije Saturday, 25 October 2014 01:38 PM

    Very good budget. President Mahinda Rajapaksa is the only president who proved things by doing. We used to see only talks.Now we see the work. No one could bring peace to country, no one could convert Colombo in to such a beautiful city, no one could do a high ways in Sri Lanka, no one could do a such wonderful road system in Sri Lanka. Only MR did it. There is no dough that our country is moving towards the prosperity under the presidency-ship of Mr.MR.

    Eran Saturday, 25 October 2014 01:48 PM

    Nothing for tea and rubber small Holders?

    Kushan Thursday, 30 October 2014 05:07 AM


    dddd Friday, 21 November 2014 05:22 PM

    Lie in Concert Assume he really wants to do this ( do not laugh ), he will get Loans from China (with higher interests) to do all these and , finally we will pay( including their commissions) Who will believe this, do we ( the country in a strong financial positions to give all these gifts ?

    M.O.A.Careem Thursday, 27 November 2014 11:25 PM

    good last nudget

    bababoo Friday, 24 October 2014 05:27 PM

    The Uva /Election budget

    Sena Friday, 24 October 2014 03:57 PM

    If citizens forgets suffering during last 4 years and get exited on these election bonanza, then they are deserved to continue same sufferings in future as well.

    sudeera Friday, 24 October 2014 03:59 PM

    completely forget the foreign employs ,no any benefit for them,,,,,dont expect our vote,,, ;;;;;;;;;;;;;;;;;;;;;;;;;;;;;from the familes,,

    Manu Friday, 24 October 2014 04:06 PM

    A special pensions scheme to be introduced to migrant workers - This is the third time listening ...only stories

    Jerry Friday, 24 October 2014 04:11 PM

    What a wonderful budget, if this happen in real!.

    wasantha Friday, 24 October 2014 04:22 PM

    Another Trap for Migrant workers. We will be fools again. pension for three Wheeler drivers. Maasa k kaala inda puluwan, ita passe lewakamu.

    Tharanga Wickremasinghe Friday, 24 October 2014 04:24 PM

    No benefit for private sector as usual.... even to buy a motor cycle no tax reduction....

    Prasanna Friday, 24 October 2014 04:29 PM

    You seem to be jealous.

    Harris Friday, 24 October 2014 04:30 PM

    Hahaha. Where Ravi K?

    roshan Friday, 24 October 2014 04:36 PM

    people of country expect lot but end of the day nothing .... but only water bill reduce its 25 units of household water this is only a small benefit for people of country directly effects to day today life

    Kasun Friday, 24 October 2014 04:55 PM

    Sri Lanka Robin Hood...................

    Sena Friday, 24 October 2014 05:00 PM

    No. I like rulers to have some respect on citizens. If they go on the basis that money can buy anything as and when they need and treat its citizens accordingly, the outcome is dangerous.

    Ran Banda Friday, 24 October 2014 05:04 PM

    This is the best budget one could imagine.No body will be ever able to match this.So we must elect our president again in January 2015.Can anybody say no.

    Kannangara Friday, 24 October 2014 05:04 PM

    Mr Prasanna, for what Sena should be jealous about, there is nothing in this budget except suith saying.

    suresh Friday, 24 October 2014 05:09 PM

    looks like santa has left some gifts at home.

    M Kuruparan Friday, 24 October 2014 05:19 PM

    Once the election is over every thing will be increased overnight.Then you know what this budget ment to be . . .

    wac Friday, 24 October 2014 03:48 PM

    Santa clause in action...

    bababoo Friday, 24 October 2014 05:30 PM

    A budget with no vision or positive strategy. Just elections, ha ha ha

    Sathish Friday, 24 October 2014 05:40 PM

    Santa has nothing for the poor retired people.

    Bonda ba Friday, 24 October 2014 05:47 PM

    Lada deyin sathutu wena jathiyak ..nam newe ma siri lake inne ......dan monawada one tawa?

    Kabba Friday, 24 October 2014 05:50 PM

    How are they arriving at these comical Per capita income figures?

    Perera Friday, 24 October 2014 05:53 PM

    No benefit for public sector pensioners also.

    konara Friday, 24 October 2014 06:00 PM

    Nothing for expatriate

    Manike Friday, 24 October 2014 06:02 PM

    Govt decides to increase life expectancy to 80 without proper food and medicine.

    baboo Friday, 24 October 2014 06:03 PM

    Now it is upto the opposition to work on the numbers and punch the holes This budget is an eye wash

    R Friday, 24 October 2014 06:09 PM

    This is not a Budge its almost election manifesto so I would like name it Mhhinda Chinthana Version iiAll benefits, would like no how they find money for implement this Manifesto It think they can do this while pumping tire black money which they earned during last 20 years with in legal deal

    Jayantha Friday, 24 October 2014 06:11 PM

    motorcycle for postman. Now he will throw our letters on the road.

    Gem Friday, 24 October 2014 06:11 PM

    Bumpkins budget!

    Sammy Friday, 24 October 2014 06:13 PM

    Fresh and healthy carrots for the rabbits in Banana Re public.

    Felix Diaz Friday, 24 October 2014 06:17 PM

    Do you think we have N. M. Pereras and Ronnie de Mels in parliament to punch holes in the budget?

    Thambieya Friday, 24 October 2014 06:18 PM

    This biya is like his Loku Aiya always moda Jokes..

    Silva Friday, 24 October 2014 06:20 PM

    Definitely a populist budget targeting large segments of the populace with an eye on the election.

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