Govt tax revenue dropped 1/3 after President was elected: Eran

Govt tax revenue dropped 1/3 after President was elected: Eran

Govt tax revenue dropped 1/3 after President was elected: Eran

Written by Amani Nilar

27 Mar, 2022 | 5:21 pm

COLOMBO (News 1st); The Government’s tax revenue dropped one third of its total due to its policy decisions soon after the President was elected, says Samagi Jana Balawega Parliamentarian Eran Wickramaratne.

Commenting on the financial crisis the country is facing, the Parliamentarian stated that the 95-page IMF report clearly attributes the financial crisis to the tax cuts granted by the government as soon as the President was elected, which mentions that the tax revenue of the country dropped about Rs. 600 billion, that led to the current economic crisis. 

Therefore, without changing the Government, this crisis cannot be overcome, he stated, adding that many members of the Government do not even have confidence to go overseas and answer the international community.

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