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Solidarity tax, cigarette duty hike among key non-debt options to finance Ditwah recovery spend: Verité Research
Daily FT
|January 12, 2026
NON-DEBT options such as grant mobilisation and revenue enhancement measures such as time-bound solidarity taxes are critical to financing Sri Lanka's record Rs. 500 billion supplementary allocation for Cyclone Ditwah recovery, as additional borrowing will tighten already-constrained fiscal space, Verité Research said.
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In its report 'Rs. 500 billion Supplementary Allocation for Cyclone Ditwah Recovery Narrows Fiscal Space,' Verité notes: “There are several non-debt options that governments, including Sri Lanka in the past, and other countries in similar crises, have used to create fiscal space,” highlighting grants and revenue measures as priority tools.
Parliament approved the Rs. 500 billion supplementary allocation on 19 December 2025 to fund post-cyclone recovery, marking the largest such allocation in Sri Lanka's recent history. The spending is split between infrastructure restoration (Rs. 250 billion), business and livelihood recovery (Rs. 150 billion), and direct relief and housing (Rs. 100 billion). Of the total, Rs. 150 billion is recurrent expenditure and Rs. 350 billion capital expenditure.
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