Sun, 14 Apr 2024 Today's Paper

2024 budget based on IMF proposals; new taxes in the offing: NPP

29 October 2023 10:25 pm - 33     - {{hitsCtrl.values.hits}}

A A A

Claiming that the 2024 budget will be totally based on IMF proposals, NPP MP Vijitha Herath said today that the government is planning to impose new taxes such as Wealth Tax and Heritage Tax from January, 2024.

Addressing the NPP Pathadumbara electoral convention, he said it was customary for the Finance Ministry Secretary to publish a newspaper advertisement calling for public proposals for the budget and that surprisingly, no such practice has been adopted this year.

He said the budget for 2024 will be based on IMF proposals just as the electricity bill was increased after the IMF condition to issue the second tranche of the IMF Extended Fund Facility.

"The electricity tariffs were increased again recently as the IMF wanted the CEB to earn Rs. 30 billion more," he said.

The MP said the IMF has requested the government to introduce new taxes through the 2024 budget to increase state revenue from the current 9 percent to 12 percent.

“The government is now planning to impose new taxes. A Wealth Tax and Heritage Tax are to be introduced from January 2024. Income tax files too have been proposed to be opened for everyone above 18 years from January next year,” he said.(Ajith Siriwardana)


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 33

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • Dee Sunday, 29 October 2023 10:37 PM

    Won’t be an issue for the NPP followers since they will not fall under that proposed tax bracket! (Or will they?)

    Jude Sunday, 29 October 2023 11:25 PM

    SL government should tax the wealthy super rich and ultra rich people to the maximum!!

    Peter Monday, 30 October 2023 12:08 AM

    What will you do when you come to power ? no tax ? All prices will reduce? Put forward you policy before you criticize

    TAX PAYER SINCE 1975 Monday, 30 October 2023 12:23 AM

    OPEN TAX FILES FOR EVERY DICK TOM

    grammarian Monday, 30 October 2023 01:11 AM

    "Inheritance tax" not heritage

    Sivalingam Monday, 30 October 2023 01:50 AM

    Unemployed persons can open tax files and do what?

    ERAN Wicks Monday, 30 October 2023 01:51 AM

    JVP is worried about wealth tax.

    Natalie Nanayaka Monday, 30 October 2023 02:21 AM

    Keep hammering the ordinary people while the criminal politicians hide their billions of illgotten wealth in tax heavens. We will never get anywhere with this Ranil rajapaksa corrupt government.

    We should forward Monday, 30 October 2023 02:41 AM

    It is true that we should have one(Tax payers file) if we have to go forward. We cannot live depend on governments grants

    Ram Monday, 30 October 2023 03:08 AM

    Please dissolve the Parliament and hand over the country to IMF to govern. Why have a set of brainless to govern us as per IMF directions without taking decisions that help the people. The total of the Parliamentary expenses, MP/Minister salaries vehicle costs, office costs air travel all that will be saved that can be used otherwise

    Ram Monday, 30 October 2023 03:11 AM

    Our Ministers have no brains to take decisions that help the people in particular and our country in general, but just implement what is dictated by IMF. This must stop

    Jude Monday, 30 October 2023 03:13 AM

    Tax the Rich yeah the ultra rich and the super rich!!

    Mahila Monday, 30 October 2023 03:18 AM

    This is because our ERSTWHILE POLITICAL CLOWNS and COMEDIANS who POPULATE THE PARLIAMENT - all 225 of them NO exceptions and most QUALIFY – PASSED 5TH STANDARD ONLY, “FOOLING” round with the Budget of this country by over promising the delivery well beyond the REVENUE EARNINGS of the country for 75 YEARS POST INDEPENDENCE!? “YOURS TRULY INCLUDED”, both as PART OF THE GOVERNMENT AND OPPOSITION!!!??? There is ‘NO FREE LUNCH’ ANYMORE!!!??? BANKRUPTED COUNTRY, due well-intentioned, by “ILL- EDUCATED AND INEPT” Parliamentarians and Political Leaders, who promise the whole world to the electorate, JUST TO GET ELECTED W/O any kind of "MEANS TESTING" to ensure that Election Promises are Workable, without RESORTING TO DEFICIT budgeting!!? Now, Citizens are Paying the Price – FOLLY of – 225 1 Nincompoops for electing them!? Citizens, “DON’T vote for these INELIGIBLES”!!!???

    bana talking pirith asking Monday, 30 October 2023 03:49 AM

    No IMF no go. With thefts, inefficiency, and corruption in the state orgs., all go to hell. Your present and former bosses did every evil. People will fight to death.

    Tissa Fernando Monday, 30 October 2023 05:44 AM

    All taxes to recover money being robbed by some within 225 and those in powerful positions in government as well as private sector. They rob and the rest pay taxes.

    Gune Monday, 30 October 2023 06:58 AM

    What is wrong with it? What is your proposal? People like you promoting welfare mentally is the problem. Go hard on corruption and mismanagement and proseute them. Also ask those who have wealth to pay taxes. IMF is doing the right thing.

    Vijaya Monday, 30 October 2023 07:26 AM

    The intention to introduce a wealth tax was announced an year ago. This is not news. Is the NPP opposed to a wealth and inheritance tax?

    Poor Monday, 30 October 2023 07:45 AM

    Taxes are fine as long as the people's incomes are fine too. When we earn so little, it's a hand to mouth existence for 90% of the nation, how do we pay such taxes, especially the poor senior citizens??!!! Does the IMF not advise the government to increase the income of the people???

    Sokrates Monday, 30 October 2023 08:24 AM

    An income tax should not be linked to age, but rather to income. In this way there is a loophole for the rich who could transfer their corporate groups to their toddlers.

    joshua Monday, 30 October 2023 08:29 AM

    check whether IMF proposals include taxing the private parts too.

    Jayantha Monday, 30 October 2023 08:29 AM

    All parties should protest and sens this rw and government home. Bunch of jokers just following rrogue organization imf rules. Gohome rw and slpp. No more imf rogues.

    How How Buddy Monday, 30 October 2023 08:31 AM

    Yes you are correct Hearath, but how you guys are trying to defeat it and send Ranil and his Potuwa rotters and send them home.

    Patrick Fernando - Unionist Monday, 30 October 2023 08:34 AM

    True, now you guys should join as a United Opposition and come under one umbrella and defeat the nasty budget Ranil brings. If you guys won't co-operate with other parties, no use...

    Damian XXX Monday, 30 October 2023 08:36 AM

    Before the Budget, bring your maximum crowd to protest in front of the Parliament. Without doing that don't just bluff Hearath.

    Ra Ra Row Monday, 30 October 2023 08:37 AM

    Same game you all must play like what you did for Gota and Mahinda, otherwise with Ranil it is not going to be easy.

    E.M.Z.O. Monday, 30 October 2023 08:41 AM

    Muslim, Tamil parties will join with you guys if you all invite them. It is your (JVP's) duty to tackle SJB

    Lt. Col. Ranjith P. Palitha Monday, 30 October 2023 08:43 AM

    Now the Police

    sam Monday, 30 October 2023 08:49 AM

    IMF has not proposed to recover unpaid electricity bills from politicians or to disconnect supply.

    Grace Monday, 30 October 2023 09:13 AM

    The best thing is to let the IMF to rule the country. There is no need for MPs and ministers. We can save billions of rupees.

    Cloy Monday, 30 October 2023 09:25 AM

    You guys also should take the blame because jvp too was part of the camp that forced govt to go to IMF. Along with economic pumdits like Dr. W.R Wijewardana, Dr. Harsha de Silve etc

    Gobson Monday, 30 October 2023 09:55 AM

    Let's think of another tax...mmmm...howbout Wife and Mother in Law Tax?

    Ameer Monday, 30 October 2023 10:00 AM

    And your solution would be?

    SLEx Monday, 30 October 2023 02:23 PM

    All these people complaining about Tax don't even pay their own income taxes. Most of them do not even reach the minimum tax brackets. Whats wrong with a Wealth and Inheritance tax? If you have enough money to buy things you do not need just to show off your status, yes. Tax them. All these NPP supporters hoping for welfare checks so they can just be lazy at home well fed via the people who actually put in effort to earn more. There has been no practical proposals by NPP on how we can increase the income of the government. And "finding money looted by politicians" is not an income stream. Its something that needs to be done but will not help at all in the long term. Correct policies and getting rid of welfare and subsidies for people who can afford to work and survive is the most effective way forward. Can't afford it even with a job, change your lifestyle or develop your career to earn more.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka