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BUDGET AT A GLANCE


Monday, 25 November 2013 - 10:58 AM SL Time


Expects to reduce budget deficit to 3.8%

Rs. 1,200 Cost of Living allowance for state sector employees

Nation building tax of 2% will be extended to banks and financial institutions.

Foreigners can obtain land in Sri Lanka only on lease agreements from 2014 while an initial tax of 15% of the value will be levied

Women entrepreneurs up to the age of 68 years will receive interest free loans of Rs.250,000

License scheme for transportation of furniture will be abolished in order to promote the locally manufactured furniture

Aviation services will be exempted from the Nation Building Tax

Uniform allowances for the hospital staff will be increased to Rs.1,500

Allowances for university lecturers will be increased by 5%

Rs.350 fertilizer provision to be given during both Yala and Maha seasons.

Motor vehicles department and land registry systems brought under the treasury.

Motor vehicles tax can be paid through the internet .

Nation Building Tax on banks

Taxes on vehicles, liquor and cigarettes up

Laws to stop foreigners from buying land outright

Foreigners could obtain land in Sri Lanka only on lease agreement from 2014. An initial tax of 15% will be levied


Farmers over 63 years will be paid a pension of not less than Rs 1,250

Provincial Council (PC) taxes exempted on business with monthly income below Rs.50,000

Female entrepreneurs to be given interest free loans of up to 250,000. Females aged 68 and below would entitled to this who are involved in their own business

1,000 bridges to be built in remote villagers. Rs. 4,500 million to be allocated for Gama Neguma and other village level development

20,000 milk cows to be imported to the country to enhance milk manufacturing

Tax to increase on imported fish

To stop Kidney diseases Rs. 900 million to be spent to build a water purification unit in North Central Province (NCP)

Chemothers_day.jsp' class=black>motherapy units to be established in hospitals in Galle, Jaffna and other districts.

Lecturer salaries to be increased.

Hambantota to be promoted as ICT hub in South Asia.

New housing schemes to be built for Colombo dwellers

3 year partial tax holiday for listing new companies on the CSE

Personal allowances of judges up by 8%

State workers Cost of Living allowance to be increased by Rs1,200 from January

Three new Housing complexes to be constructed to ensure Policemen serving in Colombo would have no problem in location



Source(s)
• Daily News

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