Govt lacks revenue to settle public servants’ paychecks

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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

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