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Last Updated : 2024-05-14 01:21:00
7 September 2021 02:05 pm - 21 - {{hitsCtrl.values.hits}}
Sri Lankan government has lost a total revenue of Rs 1,600 billion this year due to COVID-19 pandemic, Finance Minister Basil Rajapaksa told Parliament today.
Speaking during the debate on regulations imposed under the Financial Bill and Export Import Control Bill the Minister said 70% of indirect tax revenue has been recorded since the current lockdown was imposed. “The revenue received from the Inland Revenue Department, Customs and Excise Department had gone down drastically because of the lock down,” Mr. Rajapaksa said.
“Total revenue has dropped drastically compared to expenditure. This is not totally due to the pandemic as Sri Lanka’s state expenditure has exceeded the revenue for centuries,” he said at the same time.
“ We have decided to use foreign assistance with utmost diligence and will only work with institutions such as the World Bank and Asian Development Bank and will only for concessionary loan schemes. Sri Lanka will not agree to political based conditions any doner would impose when it comes to external borrowings,” the Minister added.
“Government is not prepared to face the crisis situation alone and is prepared to work with the opposition in dealing with is financial crisis,” he also said.(Yohan Perera and Ajith Siriwardana)
Jana Tuesday, 07 September 2021 02:17 PM
Are you still charging that 10% ?
Sandy Tuesday, 07 September 2021 02:20 PM
Many unnecessary spending and unnecessary imports .Military saved the country from destruction but politicians ruined it.
Lal Tuesday, 07 September 2021 02:57 PM
Why you’re looted money return no problem at all
D.M. EDDA Tuesday, 07 September 2021 03:38 PM
මරන බ් යෙන් පෙලෙන රටම ...... කෑය.
DPerera Tuesday, 07 September 2021 03:56 PM
Revenue loss was mainly due to reduction of income tax and VAT, and loss of customs duty due to stoppage of imports. That has nothing to do with pandemic.
Tsunami hora Tuesday, 07 September 2021 03:58 PM
How muct went to your pocket.. shame on you mr 10%
RamRam Tuesday, 07 September 2021 04:08 PM
If Sri Lanka was under lockdown for 1 year. Even lesser than 700billion Rs this would have gone
Nimal Tuesday, 07 September 2021 04:21 PM
how much people lost by voting you on Pohottuwa
Amazing Tuesday, 07 September 2021 04:22 PM
Why not you consider to give a tax amnesty to those who have their money in overseas to transfer it here.
Upulpb Tuesday, 07 September 2021 04:24 PM
What is the presetage of the loss by giving consesions to the friends
AC Tuesday, 07 September 2021 04:40 PM
Yes this is not big deal than what you hv in u bank account which was looted.
Angelo Tuesday, 07 September 2021 04:45 PM
Luckily it said "SL Lose Rs" if not I would have thought he was talking about himself and the royal family, I am sure they are fine.
Baas ilcunt Tuesday, 07 September 2021 04:45 PM
Does he even know how to add and subtract?
Kosappu Tuesday, 07 September 2021 04:51 PM
So less 10% commission
Sam Silva Tuesday, 07 September 2021 05:26 PM
This guy was working in a super market restocking shelves because he was not even qualified to do a cashier job.
Kai Tuesday, 07 September 2021 06:09 PM
Only a fraction of a loss compared to the losses Sri Lanka keep on suffering because of your dreadful family!
දස Tuesday, 07 September 2021 06:51 PM
ඔය බයිල කියල වැඩක් නැහැ තමුන් මොල 7 තියාගෙන ආවෙ මේරට ගොඩගන්න නේ , ඉතින් ඔයාගෙ වැඩ දැන් පෙන්නන්න.
Dilshan Perera Tuesday, 07 September 2021 07:01 PM
Mr 10% !!!
ACA Tuesday, 07 September 2021 07:45 PM
How much due to inefficiency and robbing?
vince Tuesday, 07 September 2021 09:30 PM
how many billion were lost due to thieving by politicians thou included.
Hari Wednesday, 08 September 2021 11:57 AM
WHAT ABOUT RAJAPAKSHS LOOTED MONEY IN PANAMA BANK ACCOUNT
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