X
UCA News

Sri Lanka

Tough challenges ahead for Sri Lanka's new government

While tax cuts are welcome, is the Rajapaksa administration really serious about reconciliation?

Tough challenges ahead for Sri Lanka's new government

Supporters of Gotabaya Rajapaksa gather for a presidential election rally in Bandaragama on Nov. 3. (Photo: AFP)

In its first cabinet meeting held in November, Sri Lanka’s caretaker government formed by newly elected President Gotabaya Rajapaksa took drastic steps to reduce people’s tax burden.

Tax cuts were among the major promises to voters during the presidential election campaign. Politicians were ready to reduce the tax burden on the poor as well as on present and future entrepreneurs.

One may think that these proposals were made with one eye on the parliamentary elections due within the next four to five months. Are they only temporary measures to keep the electorate guessing about how Sri Lanka can pay its international debt after these tax relaxations?

Click here to read the full article

 

Also Read

 
UCA News Catholic Dioceses in Asia
UCA News Catholic Dioceses in Asia
UCA News Catholic Dioceses in Asia