President justifies tax hikes amidst criticism Says country will have to revert to an era of queues if revenue is not raised through direct tax increases Admits new tax measures are IMF recommendations, hence critical to secure international support to salvage SL economy Insists tax hikes not being taken wilfully but being done reluctantly Reveals SL lost Rs. 700 b due to wrong economic policies in the past Inflation rate increased to 70% since Rs. 2.3 t printed during the past two-and-a-half years Suggests tougher times ahead but reassures Govt. ready…
Read MorePresident justifies tax hikes amidst criticism
