The Hon. (Dr.) Harshana Suriyapperuma - Deputy Minister of Finance and Planning
The Deputy Minister of Finance and Planning stated that the Government intends to finance Budget investment proposals without new money printing. He said required funds would be raised through improved State revenue collection, including VAT, income tax and other taxes, and any remaining financing gaps would be met through domestic and foreign borrowing in line with public financial management procedures.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Mr. Speaker, within this framework, even without new money printing, several procedures have been arranged to secure the necessary funding to implement the investment proposals presented in the Budget. For example, a substantial programme to increase State revenue has been implemented. By enhancing efficiency in revenue collection—such as VAT, income tax and other taxes—we intend to raise the required revenue and funds. Where any gap remains, we will, in accordance with public financial management procedures, mobilize the necessary amounts through borrowing—both domestic and foreign—to provide funds for all activities proposed in the Budget.
Provenance
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- Hansard, Thursday, 8 May 2025 ·No. 1748426168056758 ·English daily/uncorrected Hansard
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Cite as: The Hon. (Dr.) Harshana Suriyapperuma - Deputy Minister of Finance and Planning. 10th Parliament, Parliament of Sri Lanka. Hansard, 8 May 2025. No. 1748426168056758. Politick, https://staging.politick.io/lk/speeches/21768