Sri lanka government mostly concern about the people interest in agriculture and service sector development through win the world economic changers. But unfortunately they faced hiking essential foods prices.Follows milk powers prices increased, wheat flour prices also increased and expected sugar price to be increased. Distributes simple handed over that issues for government thats effect from increased tax rate. Its one of the amazing news but its expected one, because government of srilanka reduce vehicle import tax by 50% and also increase essential goods tax. Vehicles distributer said only few number of vehicles year sold out last year so government lost more of tax revenues so government think reduce vehicle price increased turnovers and their income.
Another part essential goods buyers alway do't know they paid tax also get more revenues so government think increase essential goods tax get more income and also safeguard indoor producer.
Finally increased essential goods price to be lead inflation so economic development as a changeable task
last month also inflation icresed by 1.6%.
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