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Tuesday, March 5, 2024

Sri Lanka defence budget for uniforms and diets alone up by LKR 75 Bn

Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022.

In other words, 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.

2024-02-02

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