Taxes and fuel prices will have to be increased further in the next 6 months – Finance Minister

Date:

Taxes and fuel prices are set to rise further in the next six months, Finance Minister Mohamed Ali Sabri said.

He has stated that although these are not popular decisions, there is no other option to rebuild the country in the current situation.

He also said that the country needs another US $ 3 billion in foreign aid to import food, fuel and medicine in the next six months, adding that it would be extremely difficult to obtain it.

Finance Minister Mohamed Ali Sabri made the remarks in an interview with Reuters, the world’s leading international news agency.

Share post:

spot_imgspot_img

Popular

More like this
Related

CPC Blocks Competitive Fuel procurement Bidding Costly Monopolies Persist

By:Staff Writer September 15, Colombo (LNW): A tense row between...

Sri Lanka Tourist Arrivals Cross 1.6 Million as NPP Pushes Industry Revival  

By:Staff Writer September 15, Colombo (LNW): Sri Lanka’s tourism industry...

Sri Lanka-Philippines Trade Ties Poised for Major Breakthrough

By:Staff Writer September 15, Colombo (LNW): Sri Lanka and the...

Sri Lanka Builds Skilled Workforce to Power Low-Carbon Future

By:Staff Writer September 15, Colombo (LNW):Sri Lanka is making decisive...