Minister says war needs 12 billion more

[TamilNet, Thursday, 11 May 2000, 14:13 GMT]
Sri Lanka's Deputy Minister for Finance Prof.G.L.Pieris told Parliament today that his government has to raise 12 billion rupees more to prosecute the war against the Liberation Tigers. He announced that the defence levy on all goods and services will be increased again to raise part of the monies required for the war effort.

peiris_g_L_3-p.jpgThe defence levy has been increased by one percent the Minister said. The levy was increased several times in the past to finance the growing defence budget of the Sri Lankan government.

Currently the levy is 5.5 percent. The government increased the price of liquor by 10 rupees and the price of cigarettes by 50 cents. Part of the required defence funds will be raised by this price hike the Minister said.

The Sri Lankan government, though cash strapped and under pressure from western donors to maintain greater fiscal discipline, is currently engaged in unprecedented arms purchases in response to the military crisis it is facing in the northern part of the island.

 

Latest 15 Reports
16.07.18 22:48   Photo
SL Forest Department seizes agricultural lands of Eezham Tamils in Paduvaan-karai
15.07.18 19:14   Photo
Families of enforced disappeared vehemently oppose OMP sittings in North
14.07.18 19:35  
SL High Court in Vavuniyaa tricked again into postponing hearings on TPP case
13.07.18 23:20   Photo
NPC CM declines participation in Colombo's unilateral task force for so-called Development
12.07.18 12:22   Photo
Genocidal Sri Lanka seizes ancient coastal hamlet of Tamil-speaking aborigines in Trincomalee
11.07.18 18:20  
Collaborationist sections of TNA lose significance, Wigneswaran holds key to unified Tamil polity
10.07.18 21:53  
SL Military Intelligence recommences recruitment of notorious ex-paramilitary operatives
09.07.18 22:30   Photo
Antiquities Ordinance used to justify Sinhalicisation of 48 locations in Mullaiththeevu
08.07.18 19:06   Photo
TNPF protests against Colombo's move to militarise Jaffna Fort
07.07.18 19:56   Photo
SL Police in Champoor blocks remembrance of Tamils massacred by SL military
06.07.18 23:17  
Jaffna University silent to Colombo's pressure, motives behind Fort excavation questioned
05.07.18 23:49  
Tamils need native movements to confront Colombo-centric environmental exploitations
04.07.18 20:29  
Geneva-based human rights regime is big disappointment: Tamil political prisoners
03.07.18 23:39   Photo
Source files from one of digital cameras witnessing 2009 genocide released to public domain
02.07.18 22:55   Photo
Macro-level approach needed to confront genocidal land grab in Mullaiththeevu
 
Find this article at:
http://www.tamilnet.com/art.html?catid=13&artid=5026