Govt. has forgone Rs 41 bn revenue per month due to recent tax cuts - UNP MP | Daily News


Govt. has forgone Rs 41 bn revenue per month due to recent tax cuts - UNP MP

UNP MP Prof. Ashu Marasinghe said that the Government has forgone Rs 41 billion revenue per month due to recently announced tax cuts and removals.

Addressing a press conference at the Sirikotha UNP office yesterday, the MP said the Government was trying to raise the borrowing limit in the wake of this revenue loss, and that was why the Opposition did not support the Vote of Account in Parliament on Thursday.

He said the Government short-sightedly reduced PAYE, NBT and VAT and was trying to increase debt burden to meet the shortfall.

Commenting on his previous allegation of lack of trust on the computer software used by the Election Commission to release the results, he requested from the Election Commission Chairman to facilitate a computer room at main counting centres for agents of main political parties. “This will help to dispel any doubt on the accuracy of results,” he added.

In the meantime, MP Marasinghe charged that the son of the Incumbent Ports Authority Chairman should be responsible for damaging ‘Trinco 1’ high-tech vessel, which was a donation of the Japanese Government.

“This vessel’s value is about Rs.160 million and it was received by the Ports Authority in November last year. Two officers were specially trained to operate it, but on January 20, the son of the Ports Authority Chairman had toured around marble beach in Trincomalee on this vessel with two other officers. The vessels had been damaged by hitting the rocks. The damages were estimated to be about Rs.8 million,” he said.

Visit Sri Lanka's Largest online shop. Over 125,000 unique categories such as Fresh Flowers, Cakes, Food, Jewllery, Childrens Toys and other Sri Lankan e-commerce categories. Low delivery cost to most cities here and free delivery in Colombo.

Add new comment