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

Sri Lanka’s Garment Industry Set to Soar under New UK Trade Rules

A technical change in trade rules rarely makes headlines....

Sri Lanka’s Export Push: Ad Hoc Drive or Calculated Boost? Critics Weigh In

Sri Lanka Expo 2026 is a Major Export Showcase...

Saudi Market Surge Lifts Sri Lanka’s Export Momentum

Sri Lanka’s economic engagement with Saudi Arabia gathered strong...

India’s Disaster Diplomacy: Aid, Rupees, and Regional Influence

India has moved swiftly to position itself as Sri...