by
Saman Indrajith
*Rs. 25,000 minimum monthly income for public servants
*CoL allowance up by Rs. 2,200; Rs. 5,000 allowance for doctors
* Allowances for university teachers and non-academics increased
* University intake to be increased to 100,000 by 2020
* Employer’s EPF contribution increased to 14%
* Special tax on vehicle imports; USD 100 per casino entry
* Guaranteed price of paddy up from Rs. 34 to Rs 40 per kilo
* Basic minimum salary of Rs. 10,000 for private sector
* 5,000 new teacher assistants to be recruited
* Mahapola grant increased to Rs 4,000
* Economic growth of 8.2% expected
* Budget deficit to be reduced to 4.6% of GDP

At The Parliament of Sri Lanka-pic via: facebook.com/PresidentRajapaksa
President Mahinda Rajapaksa yesterday presented his tenth budget in Parliament. Having presented the budget for the next fiscal year, a smiling President Mahinda Rajapaksa asked the opposition, “How is the Budget presented by a godaya [a country bumpkin]?”
He was responding to a UNP MP who had claimed that the country was being ruined by a cabal of ‘country bumpkins’. Earlier, the government advanced the presentation of the budget by about one month in view of an early presidential election expected during the second week of January next year.
President proposed to increase the minimum monthly income of public servants to Rs. 25,000 inclusive of a 2,200-rupee cost of living allowance increase with effect from January 2015. The special allowance for state employees will be added to their basic salary while the minimum salary will be increased to Rs. 15,000 per month.
Continue reading ‘Describing Himself as a “Godaya”, President Rajapaksa Presents his 10th Budget that Provides Something for Everybody with 2015 Presidency Poll in mind.’ »