President Mahinda Rajapaksa in today’s budget speech proposed a 5% monthly allowance increase as a non pensionable allowance to all public servants and security personnel.
The President also said that a Rs.600 increase in the cost of living allowance from January would also be granted o all public servants, security personnel in staff category.
According to the President, a Rs. 100 monthly increase in state sector salaries and pensions, cost the government Rs. 1.9 billion.