HomeBreaking2022 Budget Highlights

2022 Budget Highlights

November 12, 2021

Retirement benefit for MPs only after serving ten years.
Special goods and services tax to be introduced.
Government to limit state expenditure.
The retirement age for public servants will be increased to 65.
Cigarette price to be increased by Rs.5.
Excise duty increased.
Moves for development of organic agriculture.
VAT to be increased by three percent on banking and insurance companies.
Rs. 30 billion extra for teachers.
Colombo, Trincomalee, Hambantota and Galle port to be developed and expanded.
Rs.8.5 billion held by Perpetual Treasures as unethically earned money to be transferred to Treasury.
25 percent surcharge on the income of 62 leading companies.