Budget 2024: President Announces Rs 10,000 Allowance for State Sector Employees in Budget 2024

In a key announcement during the ongoing budget speech in Parliament, President Ranil Wickremesinghe revealed a significant measure for State Sector employees in Budget 2024. The President declared a Rs 10,000 allowance for State Sector workers, aiming to enhance the financial well-being of those serving in the public sector.

President Wickremesinghe emphasized the importance of preventing hyperinflation and credited the successful reduction of the inflation rate to a single digit for stabilizing the country's economic situation. The allowance for State Sector employees is expected to contribute to improving the economic conditions for public servants.

As the budget speech continues, additional details on fiscal policies, developmental initiatives, and other key announcements are anticipated. Stay tuned for further updates on the implications of Budget 2024 for Sri Lanka's economic landscape.