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Monday February 6th, 2023
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Doctors in Sri Lanka in general earn higher salaries than the average train commuter
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Raises matter relating to domestic debt restructuring and economic assumptions
"We will definitely reduce this tax," he said.
Combination of revenue increases and spending restraint seen
GFN is a key target a country under an IMF deal has to bring down
Sri Lanka's state trade unions likely start trade union actions if government fails to reduce taxes
If we do not bring revenues back to 2019 levels, foreign countries will not support us
"This is sometimes over-emphasized… but this ratio at 120 is a lot."
“This is true for most public servants, and we cannot bear this burden,” said one worker.
India committed around US$3.9bn to Sri Lanka in 2022
Finance Ministry will be told to compile reports on how the public tax money was spent
Finance Ministry is struggling to pay whopping state sector salary bills for January
Hopes to conclude talks in about six months
Sri Lanka is engaged with other official bilateral creditors to obtain similar assurances
Salaries will be paid on January 25
| Latest | Last | |
|---|---|---|
| US Dollar | 371.7127 | 371.6601 |
| UK Pound | 453.5962 | 453.9794 |
| Euro | 396.3156 | 396.4763 |
| Aus Dollar | 250.1862 | 251.1981 |
| Yen | 2.8251 | 2.7549 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.3961 | 4.3963 |
| Korea Won | 0.2820 | 0.2791 |
| Oman Rial | 943.2237 | 943.2268 |
| Saudi Riyal | 96.7270 | 96.7115 |
| UAE Dirham | 98.8729 | 98.8786 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,653.84 | -1.51% |
| CSE All Share | 8,420.26 | -1.04% |
| Turnover Rs million | 4,621,153,484 | 2,824,714,520 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 31.03 | 31.03 |
| 6-m bill | 29.57 | 29.60 |
| 12-m bill | 28.41 | 28.41 |
| 5-yr bond | 27.49 | 27.57 |
| 8-yr bond | 27.44 | 27.23 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 15.50 | 15.50 |
| Gilt Repo | 15.50 | 15.50 |
| I-m SLIBOR | - | - |
China Exim Bank responds to Sri Lanka
Sri Lanka trade unions have started to protest against tax hikes; protesters warn of more agitation
The cabinet had also directed the Legal Draftsman to prepare a bill to set up an International Trade Office
I can tell this assembly that the talks are successful
The discussions are becoming successful
Salaries for SOE employees has increased by 633 percent since 2000
Sri Lanka sees new anti-government protest amid high cost of living, taxes
In 2023 the agency has been give a target to collect 217 billion rupees.
Overall deficit down to 5.5-pct of projected revenues from 8.6-pct last year
We discussed with China's EXIM Bank this week and by now we have commenced exchanging views on it
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