It is estimated that the total loss of 52 government institutions this year will rise to 1,100 billion rupees, says the Minister of State for Finance Shehan Semasinghe.
Speaking in Parliament, the Minister of State mentioned that there is a need to meet the conditions and targets of the International Monetary Fund quickly.
State Minister of Finance Shehan Semasinghe also said that in the first 3 months of this year, the receipt of foreign remittances has increased by 80 percent.
He said that the cost of imports has also been reduced by 37 percent.
In the meantime, the government has also decided to provide additional tariff concessions for expatriate workers returning to this country from abroad for work.
Accordingly, it is noteworthy that workers have been given the opportunity to apply for an additional duty allowance ranging from US$600 to US$4,800.
(netnews.lk)
