Sri Lanka gives $1 billion relief as anger grows over food costs Source:timesofindia.indiatimes.com COLOMBO: Sri Lanka unveiled a $1 billion relief package as President Gotabaya Rajapaksa’s government seeks to temper growing public anger over the surging prices of essential food and medical items in a country that’s running out of foreign exchange to pay for imports. The government will raise civil servants salaries and pensions, remove some taxes on food and medicine and provide cash for its poorest citizens, a move critics say won’t help Sri Lanka’s state of finances and soaring inflation. The package accounts for 1.2% of gross domestic product, and will be re-allocated from the 3.9 trillion rupees budgeted to be spent in the whole of 2022, Rajapaksa’s brother and finance minister Basil Rajapaksa told a briefing in Colombo late Monday. There are no plans for new taxes, he added. The relief covers about 2 million people who are on ...