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Interim Budget 2015 Sri Lanka – Live

Ravi Karunanayake, in his capacity as the Minister of Finance, presented the interim Budget for the fiscal year of 2015 to Parliament, a short while ago. Based on election Manifesto and Good Governance policy, Interim Budget is presented in Sri Lanka Parliament

National Budget for the fiscal year of 2015 was presented to the Parliament by former President Mahinda Rajapaksa. on 24 October, 2014.

The interim Budget presented at the Parliament today has ensured easing the tax burden on consumers and certain proposals to reduce the prices of ten essential commodities. It has also proposed to increase the salaries of public servants.

This breaking news story is being updated and more details will be published shortly.

Live budget information update highlights and detailed from Sri Lanka (MY3 manifesto) – Please refresh the page for the full version.

15: 40 – Interim Budget 2015 reading concluded

15: 39 – Prohibition imposed on Ministies and state institutions from publishing promotional newspapaper advertisements

15: 32 – Special committee to be set up ro resolve issues caused by irregular finance bodies within six months

15: 32

Senior citizens public transport fees deducted by 50%

Public transportation costs to reduce by 50% for senior citizens

15:32 – SLBFE registration reduced to Rs.5000

15: 31 – Every citizen to have a bank account – can be opened in commercial banks with an initial deposit of Rs. 250

15: 28

Sri lankan Airlines and Mihin Lanka to be merged

Sri lankan Airlines and Mihin Lanka to be merged to reduced the losses

15: 28 – Sri Lankan Airlines and Mihin Airlines have incurred heavy losses – within five years over Rs. 100 billion due to manangement inefficiencies/ Mihin Air Rs. 15 billion during the past five years

15:28 – Pension scheme for Self employed persons

15: 26 – Dahami Diriya for Sunday school teachers – a monthly sum of Rs. 200 to be paid

15: 25 – Rs. 250 monthly allowance to be paid to pre-school teachers

15: 25

Mahapola scholarship to Rs: 5000

Mahapola scholarship fee to be increased upto Rs. 5000

15:23 – Special facilities for disabled war heroes – special loan scheme named Viru Diriya to be introduced in state banks/ maximum borrowing Rs. 500,000

15:21 – Rs. 1.5 million permit fee will be charged from vehicle importers (irrelevant of whether the imported vehicles are brand new/reconditioned)

15:20 – State owned vehicles which are not being used will be sold at an open auction

15:17 – The government has waived off the 25% tax paid by customers when reloading phones

15: 17 – Rs. 1000 million tax imposed on television stations dedicated to sports

15: 15 – One time tax of Rs. 250 million to be paid by mobile phone operators

15: 15 – One time tax of Rs. 250 million to be paid by telecommunication providers


Marriage registration fee to be Rs: 1000

Marriage registration fee to be reduced up to Rs. 1000 from Rs. 5000

15: 12 – The number of liquor shops per proprietor to be reduced upto three/ Liquor permit value to be increased by twofolds

15: 11 – Casino business-owners to pay Rs: 1000 millionas a tax – first payment to be made before April.

15: 07 – Extra Rs. 5000 million to be gained through a container scanning process with effect from September

15: 04 – Vehicle assembly plants have neglected their incometax payments during the previous regime. Rs. 12,0000 million revenue expected through prompt payments

15: 04

Cement by Rs:99

Cement prices to be reduced by Rs. 99

15: 04

Below 1000 CC vehicle tax to reduced by 15%

Vehicle taxes reduction 15% reduced (for vehciles with engines below 1000 CC)

15: 00 – Supergain tax – any company of which the profict exceeded Rs. 2000 million – tax amout worth 25% off its profit will be charged

15:00 – All Sri Lankans who migrate to another country will be

liable for an exit tax.

14:58 – Mansion tax – Rs. 1 million per annum will be charged for houses of which the value is estimated at Rs. 100 million or exceeds 5000 sqft

14: 55 – Gold jewellery pawned to banks – that don’t exceed Rs. 200,000 – interest will be waived off

14: 56

12.5kg gas cylinder price reduced by Rs: 300

– 12.5kg gas cylinder price reduced up to Rs. 1596 (Rs. 300 reduction)

14:56 – We promised to reduced the prices of 10 essential goods but we have granted consessions for 13 goods

14: 45

13 Essential goods price reduction by removal of taxes. Sugar, Milk powder, Sustagen milk, Flour grams, Bread, Grean grams, Sprats, Coriander, Maldive fish, Canned fish, Chilli powder

13 Essential goods price reduction by removal of taxes – with effect from midnight

Sugar: Rs. 10 reduction  – tax reduced from Rs. 28 up to Rs. 10

Milk powder 400g packet will be Rs. 325 (maximum retail price) – reduction of Rs. 61

Sustagen milk powder to be reduced by Rs. 100 (400g)

Flour prices reduced by Rs. 12.50 per kilo

Sprats: Reduction of Rs. 15

School van fees reduced by 5%

Kerosene price reduced by another Rs. 6

Rs. 2000 billion fund reserved for kidney patients

A sum of Rs. 2000 billion to be allocated to the fund reserved for kidney patients

Budgetary allowance for education 6% off the GDP

Budgetary allowance for education sector will be increased by 6% off the GDP systematically

Fresh milk buying price increased by Rs.10

Farmers loan waived off by 50%

Expectant mothers to paid Rs. 20,000

Senior citizens deposit interest rate to 15%

Senior citizens with Rs. 1 million in their bank accounts to be given 15% interest rate


Pensions to increased by 1000Rs

Reviewing of pensions – Increase of Rs. 1000 with effect from April

14:22 – We will work towards lifting the ban imposed by the EU on Sri Lankan tuna imports.

14:21 – We hope to revitalise the apparel sector in the country.

14:19 – During past seven years 5000 million USD due to losing GSP+

14: 17 – Request made for private sector employers to increase the salaries of private sector employees Rs. 2500

14:14 – Rs. 2.5 billion saved by cutting down on the number of Ministers

14:11 – All loans taken during the past government has to be paid by this govenrment to which includes 15 million USD loan taken for security purposes


Salaries of state sector servants increased by 5000Rs from February

Salaries of state sector servants increased by Rs. 10,000 – Rs. 5000 will be given in February/ remaining Rs. 5000 in June- Thereby state sector employees’ salaries increased by 47%

14:04 – We believe in uplifting and developing the lives of every citizen of this country – not just a selected few – Ravi K

14:03 – Expenses of presidential secretariat – 2014 Rs. 10,4970 million / estiamted cost for 2015 was Rs 95,930 million but it has been brought down to Rs. 2560 million

14:01 – True figure of state debts concealed by previous regime – currently it stands at Rs. 8.81 trillion

14:00 – True figure of debt per person is Rs. 427,220 – Minister Ravi K

13:58 – Minister Ravi K lists out details of financial losses incurred due to borrowings/developmental projects of the previous regime that has resulted in an added financial burden to the people

13:56 – Loss incurred by hedging deals is 60 million USD

13:33 – Reading of the 2015 interim budget by Finance Minister Ravi Karunanayake, begins.

13:31 – Decision made by Cabinet to prohibit the authorization given to establish casinos to several private companies

13:28 – Financial discipline in Sri Lanka brought to the lowest during the previous regime

13:22 – PM Ranil Wickramsinghe makes statement before parliament prior to the reading of the interim budget

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