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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