Export income increased to US$ 12.5 bn last year | Daily News

Export income increased to US$ 12.5 bn last year

Plantations and Industries Minister Dr. Ramesh Pathirana told Parliament yesterday that the annual export income which was US$ 10 bn earlier has increased to US$ 12.5 bn at the end of last year.

The Minister stated this in the debate held after the President presented the terms of the agreement with the International Monetary Fund to Parliament.

He said that it is a favourable situation in comparison with the existing conditions of the economy. He said that Sri Lanka was among the ten lowest tax-collecting countries in the world in the last two years. Although not a large amount, this loan facility is seen as a relief to build the economy of the Sri Lankan people. In the past, our country had a big problem in receiving foreign remittances. Foreign direct investment, tourism earnings, and income from people working abroad decreased. In the past, there was an allegation that the country lost revenue due to the tax policy. As a result, we had to face many hardships.




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