COLOMBO (News 1st) – Minister of State for Finance Ranjith Siyambalapiya says in a statement that there is no other option but to raise taxes in a situation where 4 million of the 6.8 million families living in the country are demanding various subsidies.
The relevant announcement further states that the people also have a responsibility to keep the poor people of the country alive.
The announcement also emphasized that there is a huge deficit between the government's income and expenditure and to cover it, as inflation is close to 100 per cent, money cannot be printed anymore, so taxes should be levied as much as possible. .