{"id":49623,"date":"2015-11-20T14:06:28","date_gmt":"2015-11-20T21:06:28","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=49623"},"modified":"2015-11-21T06:16:20","modified_gmt":"2015-11-21T13:16:20","slug":"full-budget-speech-and-fiscal-management-report-2016","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2015\/11\/20\/full-budget-speech-and-fiscal-management-report-2016\/","title":{"rendered":"Full Budget Speech and Fiscal Management Report 2016"},"content":{"rendered":"<p>The Full Budget Speech 2016 delivered by Minister of Finance \u00a0Ravi Karunanayake in Parliament on Friday (20th Nov) and the Fiscal Management Report 2016.<\/p>\n<p>Corporate tax reduced up to 15%<br \/>\nTobacco companies and casinos revenue taxes to be increased by 25%<br \/>\nSeveral taxes including shares transaction tax, tourism tax and luxury and semi luxury vehicle tax to be removed<br \/>\nRs.500 million funds for Bribery Commission operations<br \/>\nPrices of 11 essential commodities reduced<br \/>\nMattala Airport to be converted into a transfer terminal for Air cargo<br \/>\nEvery student to complete A\/L education or receive vocational training after O\/L to be made compulsory. Student number per class to be limited to 35<br \/>\nPAYE tax threshold increased from Rs. 750,000 to 2.4 mn a year<br \/>\n400 g powdered milk price reduced to Rs. 195<br \/>\n<strong>Duty free vehicle permit scheme abolished, including that for MPs<br \/>\n<\/strong>\u00a0Mahapola University to be set up in Malabe<br \/>\nBudget deficit stands at Rs. 740 billion<br \/>\nInterest free three-year loan for undergrads to buy laptops<br \/>\nAdditional Rs. 10,000 Mn for Pubudamu Polonnaruwa Project<br \/>\nA lump sum payment per person of Rs. 250,000 to July strikers<br \/>\nRs. 1 million insurance scheme for fishermen<br \/>\n100,000 houses to be built in five years for slum dwellers<br \/>\nEPF, ETF amalgamation only with the consent of workers, TUs<br \/>\nWholesale and retail trade to be exempted from VAT<\/p>\n<h1><\/h1>\n<p><iframe loading=\"lazy\" title=\"Budget Speech 2016\" class=\"scribd_iframe_embed\" src=\"https:\/\/www.scribd.com\/embeds\/290536864\/content\" data-aspect-ratio=\"0.7068965517241379\" scrolling=\"no\" id=\"290536864\" width=\"500\" height=\"750\" frameborder=\"0\"><\/iframe><script type=\"text\/javascript\">          (function() { var scribd = document.createElement(\"script\"); scribd.type = \"text\/javascript\"; scribd.async = true; scribd.src = \"https:\/\/www.scribd.com\/javascripts\/embed_code\/inject.js\"; var s = document.getElementsByTagName(\"script\")[0]; s.parentNode.insertBefore(scribd, s); })()        <\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Full Budget Speech 2016 delivered by Minister of Finance \u00a0Ravi Karunanayake in Parliament on Friday (20th Nov) and the Fiscal Management Report 2016. Corporate tax reduced up to 15% Tobacco companies and casinos revenue taxes to be increased by 25% Several taxes including shares transaction tax, tourism tax and luxury and semi luxury vehicle [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-49623","post","type-post","status-publish","format-standard","hentry","category-forum"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/49623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=49623"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/49623\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=49623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=49623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=49623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}