Make the Economic Pie Bigger GDP. Then revenue achieved will be higher. Since the same taxes will get higher revenue because taxes being a percentage of GDP.
As long as government stops all kinds of nonsense of subsidy programs. From electricity,fuel, etc. If government want to give subsidy give subsidy with additional income and not with other consumers money. Give subsidy through Samurdhi. The government should stop borrowing unnecessarily.
Make sure that tax revenue should go the pay loans obtained for a single particular job and not any other jobs. For e.g. Road toll, vehicle taxes should go only to Road development.
Do not give Road revenue to improve railway. Make Railway pay for development of tracks and train service. Simply by advertising in Trains,platforms,etc. Railway can get additional revenue.
Divide CEB into multiple companies. Privatize them. Only water and drainage should be government held assets.
Privatize all state sectors including Airports, Seaports, etc. Which can repay loan in US Dollars. The government has no business running business. If government wants to run companies then make sure to make an Investment Authority instead of giving jobs to politicians.Sri Lankan employees knows to run business Profitably than Politicians.
Government run business do not generate more taxes compared to private run business, besides making improvements and development should be in their hands. They make better instant decision than person sitting on all the way on top.
Except for Central Bank, Samurdhi and Investment Authority. Privatize all state banks. So as to make Sri Lankan Banks a Multinational Company instead of a localized one. The government would get Dollar revenue if banks go overseas since their head office is Local in Sri Lanka.
Privatize all State schools and Hospitals. Make a national insurance policy by taxing employer a percentage of employees salary. The government can pay students upto university or technical collage level for all students.
At least for Five years, government should stop purchasing military hardware, only purchase ammunition. By reducing military budget it would increase revenue to repay loans.
As long as government stops all kinds of nonsense of subsidy programs. From electricity,fuel, etc. If government want to give subsidy give subsidy with additional income and not with other consumers money. Give subsidy through Samurdhi. The government should stop borrowing unnecessarily.
Make sure that tax revenue should go the pay loans obtained for a single particular job and not any other jobs. For e.g. Road toll, vehicle taxes should go only to Road development.
Do not give Road revenue to improve railway. Make Railway pay for development of tracks and train service. Simply by advertising in Trains,platforms,etc. Railway can get additional revenue.
Divide CEB into multiple companies. Privatize them. Only water and drainage should be government held assets.
Privatize all state sectors including Airports, Seaports, etc. Which can repay loan in US Dollars. The government has no business running business. If government wants to run companies then make sure to make an Investment Authority instead of giving jobs to politicians.Sri Lankan employees knows to run business Profitably than Politicians.
Government run business do not generate more taxes compared to private run business, besides making improvements and development should be in their hands. They make better instant decision than person sitting on all the way on top.
Except for Central Bank, Samurdhi and Investment Authority. Privatize all state banks. So as to make Sri Lankan Banks a Multinational Company instead of a localized one. The government would get Dollar revenue if banks go overseas since their head office is Local in Sri Lanka.
Privatize all State schools and Hospitals. Make a national insurance policy by taxing employer a percentage of employees salary. The government can pay students upto university or technical collage level for all students.
At least for Five years, government should stop purchasing military hardware, only purchase ammunition. By reducing military budget it would increase revenue to repay loans.
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