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Salary Increase

Salary and other allowance increments for public servants, pensioners

The salary increment and other allowances for public servants proposed by Finance Minister Mangala Samaraweera in his budget 2019 is effective from today (July 01). “All public servants, including Tri-Services personnel and government pensioners will benefit by the salary and pension increases. The Government has made an additional allocation of Rs.40 billion for this purpose,” …

Treasury, Central Bank of Sri Lanka

Budget: Treasury in a catch -22 situation

The Treasury has been pushed into a catch-22 situation relating to the 2019 budgetary process following three weeks of political uncertainty without clear direction. The 2015 history is going to be repeated once again, as the Finance Ministry officials have been compelled to prepare a 3-month vote on account under the present situation of political …

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