Sri Lanka cuts taxes, boosts subsidies before snap pollOctober 25, 2014, 4:03 pm
Sri Lanka's president cut taxes and increased salaries, subsidies and welfare spending on Friday in a populist budget ahead of a troubled bid to win a third term.
Mahinda Rajapaksa made no direct reference during the budget announcement to his plans to seek a third term at an election that the government says will be held in January, two years ahead of schedule.
But he hinted at confidence in the polls, saying, "I can't see any elephant who can cause trouble for the government" -- a reference to the main opposition United National Party, whose election symbol is the elephant.Read More...
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Last Updated Oct 26 2014 | 12:38 am