Key highlights of Budget 2019 | Daily News

Key highlights of Budget 2019

An allocation of Rs 400 million to improve lavatories and toilet sanitation across the country.

 Customised vehicle number plates for Rs 1 mn.

 Revision of economic service charge (ESC) on selected imported goods.

 Finance Minister invites diaspora and others to donate to the “Palmyra Fund” to develop war torn areas in the country.

Rs 1.5 billion to be allocated to purchase 250 new buses for the Sri Lanka Transport Board (SLTB)

 Royalty payments for artistes to be implemented enabling artistes to receive royalties for their creations which are aired on television and radio.

 Rs 50 million to be allocated for the growing of mangroves in an attempt to mitigate climate change effects.

 The Rate of Housing Rent Allowance paid in the month of January 2019 will be increased by 100% with effect from July 01, 2019.

 Rs. 5,000 million allocated for the Light Rail Project from Colombo Fort to Malabe which will commence work in 2019.

 Rs 32 billion to be allocated for development of school infrastructure and Rs 25 billion for development of university infrastructure.

 Rs. 100 million to be allocated for the sterilization of stray dogs in the country.

Revenue Intelligence Unit to be set up under the Finance Ministry.

 From April 01, 2020 onwards hotels in the country can sign for online bookings only if they are registered with the Sri Lanka Tourism Development Authority (SLTDA).

 No foreign construction company will be allowed to bid for government contracts without forming a joint venture with a local company or unless there are fully funded by foreign countries.

 Rs. 250 million to be allocated for National Export Strategy.

 Rs 50 million allocated for a pilot project to build an arts and crafts village for female convicts.

 Rs 1.3 billion to be allocated for the construction of new fisheries harbours in Point Pedro and Pesalai.

 Rs. 800 million allocated for growing new rubber trees increasing rubber tapping due to the shortage of natural rubber.

 


 

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