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Sri Lanka's Budget Focuses on Tax Hikes and Economic Recovery
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Sri Lanka's government plans to present the 2024 budget aimed at boosting tax revenue and meeting IMF targets. The budget will focus on tax hikes, including new taxes such as wealth and inheritance taxes. The country's economy shows signs of recovery, with increased revenue in the tourism industry and available food, fuel, and medicine. However, significant challenges remain, including debt restructuring and high poverty levels.
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How will the tax hikes impact the overall economy?
What measures are being implemented to reduce poverty levels?
What steps are being taken to address the debt crisis?
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