Live Interim Budget updates given from 1.00 p.m to 2.00 p.m on 30.08.2022

• 02:08 PM - President Ranil Wickramasinghe concluded his Interim budget speech for the year 2022
• 02:03 PM - Measures to increase local milk production.
• 02:03 PM - Steps to use new technology to promote agriculture and to employ the youth in agriculture.
• 02:01 PM - Measures to utilize around 20% of unused land for cultivation by unemployed people.
• 01:57 PM - Tax concession for locally manufacture of Electrical Bicycles (More than 50% local value addition)
• 01:55 PM - Allowance between Rs 5,000 and Rs 7,000 for elderly disabled persons.
• 01:54 PM - A branch of Kothalawala Defence University will be opened in Kurunegala
• 01:53 PM - 50% Custom Duty rebate for import of high quality packing materials
• 01:48 PM - Companies act will be amended to facilitate private Universities.
• 01:33 PM - Monthly Samurdhi allowance will be increased to Rs.7,500
• 01:31 PM - An additional allowance of Rs.2,500 for pregnant mothers.
• 01:29 PM - New Central Bank Act will be passed.
• 01:28 PM - 20% share holding of state banks will be distributed among depositors and employees.
• 01:21 PM - Retirement age of Government employees will be 60 years
• 01:21 PM - VAT rate will be increases to 15% w.e.f 02.09.2022
• 01:18 PM - The tax proposals already published will be implemented w.e.f 01 October 2022
• 01:14 PM - A tax file for all individuals above 18 years.
• 01:06 PM - President Ranil Wickremesinghe presents the interim budget for 2022