Rs. 5000 public sector pay rise

22 Jan 2015 - {{hitsCtrl.values.hits}}

The Finance Minister Ravi Karunanayake said that the government employees’ salaries would be increased by Rs. 5,000 from the interim budget on January 29.

He added that this was in addition to the increase in the cost of living allowance for government-sector workers given by the Rajapaksa regime.

“Last budget’s increase was on the Cost of Living allowance. In our budget it would be a direct increase on the salary,” the Minister said.

He also said that there would be an additional salary increase of another Rs. 5,000 in June.

However, there was no increment on the salaries of private sector employees, Mr. Karunanayake said.

“If we force the companies to increase the salaries, the companies will have to close down. The Treasury does not have sufficient funds to finance a salary increase for private sector workers at this point.

“However, we are reflecting on this matter and we are bringing down the Cost of Living for all citizens significantly. We are trying to give the benefits to the people without a collapse in the economy,” he said.

“This interim budget will give people all the promised benefits,” Mr. Karunanayake assured. (Shihara Maduwage)

Breaking News

Rs. 5000 public sector pay rise

Most Popular Articles

Breaking Down the Israel–Iran Conflict: What We Know So Far - Day 108

’’Cut out the noise, focus on your game’’; Sri Lanka great reaches out to Sooryavanshi

Struggling Pizza Hut chain to be sold for $2.7bn

Alleged mastermind behind Rs. 210 Billion illegal Dollar transfer network arrested

Sri Lankan Rupee appreciates further against US Dollar

Sri Lanka find right combination in WI defeat

Latest News

Ronaldo becomes first player to score at six World Cups as Portugal thrash Uzbekistan

FIFA World Cup 2026 Round of 32 Bracket and Schedule: Road to the Final Takes Shape

Cityscape over Colombo

Over 10 bus drivers, conductors test positive in random drug screening at Maharagama

U.S. donated TH-57 helicopters handed over to Sri Lanka Air Force