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Sri Lanka budget banks on car taxes to boost coffers
Sri Lanka budget banks on car taxes to boost coffers

Sri Lanka is banking on vehicle import taxes to boost revenue and revive the island nation's battered economy, leftist President Anura Kumara Dissanayake's maiden budget showed on Monday. "For the year 2025, the bulk of revenue gains is expected to be delivered by the liberalisation of motor vehicle imports," the president told parliament.