Govt lacks revenue to settle public servants’ paychecks

Date:

To the government’s much aggravation, it does not receive enough revenue to settle the salaries of the public servants, said Minister Bandula Gunawardena, responding to a query expecting vocal response.

The Minister added that earlier it was possible to settle the public servants’ paychecks via the issuance of treasury bills, but the staff-level agreement reached with the International Monetary Fund (IMF) prevents such action.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

SLT-Mobitel Achieves Record-Breaking 5G Speeds Nationwide

SLT-Mobitel has set a new milestone in Sri Lanka’s...

Sri Lanka Tea Industry Shows Modest Recovery amid Challenges

Sri Lanka’s tea industry recorded a marginal improvement in...

Vietnam, Sri Lanka Explore New Economic Partnerships in North

A high-level delegation from the Embassy of Viet Nam,...

Sri Lanka Revives Refinery Expansion amid Past Political Resistance

Sri Lanka’s long-delayed efforts to expand and modernise the...