As much as 86 percent of the government’s revenue had been spent for the payment of salaries and remunerations in 2020 triggering public finance concerns for the country, and therefore this was not an appropriate time to grant a pay hike for teachers, trade Minister Bandula Gunawardana said.
The Minister said he was fully agreeable for 100 per cent pay hike for school teachers, but it was something impossible given the depth of the economic crisis induced by the pandemic.
He said the government had no option other than further taxation if it wanted to increase welfare measures.
“Further taxation means further burdens for people,†he said.
The Minister said the previous Yahapalana government alienated national assets in a callous manner.
Authorities have frozen the assets of 88 individuals linked to organized crime and financial fraud,…
A tender has been called for the sale of used vehicles belonging to the Ministry…
With increasing tariffs, developments in the Middle East, uncertainty around energy prices, Sri Lanka has…
President Anura Kumara Dissanayake states that he hopes to make the current Extended Fund Facility…
The Sri Lanka Police have frozen the assets of 88 individuals linked to organized crime…
National People’s Power (NPP) councilor Vraie Cally Balthazaar has been elected as the new Mayor…