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

LB Finance Delivers Robust Nine-Month Performance on Strong Fundamentals

By:Staff Writer January 27, Colombo (LNW): LB Finance PLC has posted...

Suburban Land Boom Reshapes Sri Lanka’s Property Economy

By:Staff Writer January 27, Colombo (LNW): Sri Lanka’s land market continued...

Colombo Port City Moves from Blueprint to Reality with First Private Capital

By:Staff Writer January 27, Colombo (LNW):  Colombo Port City, Sri...

Fragile Gains and the Cost of Complacency in Sri Lanka’s IMF Path

By:Staff Writer January 27, Colombo (LNW): Sri Lanka’s post-crisis economic...