Srilanka, Feb. 26 -- Record salary hike for principals, teachers: No VAT on imported medicines, ingredients :

The maiden Budget presented in Parliament by the National People's Power (NPP) Government is one which represents 'Economic Democracy' for the first time which is a historical Budget that would mark a decisive turning point for the country, Prime Minister and Education, Higher Education and Vocational Education Minister Dr. Harini Amarasuriya told Parliament yesterday.

"The NPP Government made a firm decision to take over a bankrupt country by facing all challenges that it will face in re-building this nation, its economy and society and this first Budget presented for 2025 details everything clearly that our Government will do ...