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Govt to slash spending, push up non-tax revenues – Bandula

The Govt plans to slash spending and push up non-tax revenues in a bid to keep the budget deficit at 5 per cent of gross domestic product in 2020, Minister Bandula Gunawardena said.

No change in 15% interest rate for senior citizens – Finance Ministry

The special interest rate of 15% offered by the Government for senior citizens’ fixed deposit accounts remains unchanged, the Ministry of Finance said.