We’re currently getting dragged through the mud on the exchange rate and let’s not deflect by saying it’s only due to the war.
It’s also due to these subsidies, the government refuses to reduce them and instead taxes other random things. Why?
Anyone know why the government did this? Do we not need a Chief of Defence anymore? So now the chief of defense powers will all come under the minister of Defence?
So trying to concentrate as much power in the hands of a few people and avoid the checks and balances?
The govt has given no reasoning whatsoever as to why they did this, they just gazetted it and moved on. But this is a huge decision to make, wtf is this.
Source : https://www.newswire.lk/2026/05/17/bill-to-repeal-chief-of-defence-staff-act-gazetted/
Source : https://adaderana.lk/news.php?nid=122459
Ok so as the news article says the government is planning another fuel price increase soon.
Ever since the mayday rally we got hit with an 18% electricity tariff and now they’re planning another fuel price increase which will likely be followed by another electricity price increase.
Bear in mind the article also mentioned that the govt is spending billions to subsidize diesel at the moment so they will likely continue that trend.
They like to flaunt the fact that they don’t take loans so the money has to come from somewhere. Till now the only SOE that is turning a good profit is the customs department so get ready for indirect taxes to get altered as time goes.
We’ve beaten our target for Tax revenue (through significant tax hikes, direct and indirect) so in order to continue that trend they’ll need to squeeze more money.
Where will they get that money? If you looked at the trend over the last 18months, it’ll probably come from the middle class as usual.
Best advice is to buy solar and buy an electric vehicle ASAP continuing to depend on the govt grid and fuel will cost everyone dearly in the future.
Sad thing is with all these other subsidies the govt can’t be bothered offering subsidies for Solar panels + installation (strictly off grid only since they govt keeps saying the grid can’t handle solar power export). So due to that shortsightedness it’ll cost a pretty penny to go solar but I’ll be worth it in the long run.
I wonder if these will be reversed or since most people would’ve spent it or would now spend it once they see this news article.
So will the government deduct it from the next month payment, I highly doubt it because April’s amounts was a one time larger payment and people/voters will be very upset not getting their welfare next month.
So most like the amount will get divided into installments and paid over several months…hopefully.
Still taxpayers are picking up the bill again, and majority of the taxpayer base is the middle class.
Source:
https://www.dailymirror.lk/breaking\_news/Aswesuma-funds-paid-twice/108-339650
Police sources are suspecting suicide and investigations are underway.
What’s going on?
Source