Sri Lanka Budget 2018 – Clean, lean and green budget’

Finance and Media Minister Mangala Samaraweera arriving to deliver his maiden budget speech

By Saman Indrajith

*A special tax on super luxury vehicles
*Rs. 10 excise duty per kilo on plastic resins
*An ‘open cage’ concept at the Dehiweala Zoo
*A cellular tower levy of Rs 200,000 per month
*Rs. 300 mn to promote IT and IT related sectors
*Alcohol volume based excise duty
*Issuance of new liquor license to be simplified
*NBT to be imposed on liquor, toddy not spared
*Sugar tax on sweetened beverages
*Rs. 1,400 million for Office of the Missing Persons
Rs. 1,250 mn for establishing medical faculties at Wayamba, Sabaragamu and Moratuwa Universities

The total government expenditure: Rs. 3, 001bn Budget deficit: Rs. 675 bn Expected govt revenue: Rs. 2,326 bn Expected expenditure: Rs. 3,982 bn

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