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A development-oriented budget for people’s uplift
Thursday, 24 November 2011 10:17

Post war economic recovery and long-term plans for improving the quality of life of the people were the main themes of budget 2012 presented by President Mahinda Rajapaksa in Parliament yesterday. Accordingly, a significant increase in budgetary allocations were made to the relevant ministries towards realizing these objectives, such as, Education, Higher Education, Economic Development and Health.

Budget at a glance

10% salary hike for public servants.
Rs 100,000 at birth of third child of Security Forces members extended to Police.
Monthly payment of Rs 750 to each parent of Security Forces member who laid down his life for country.
Rs 1,000 pension increase.
Rs 1.2 million interest free loan to artistes and journalists to purchase vehicles.
Subsidy to tea smallholders increased Rs 50,000 to Rs 150,000.
Rs 1,000 allowance for elders over 70.
Salary anomalies of university academic staff to be resolved
VAT, Customs Duty off on lorries and trucks.



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