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Sri Lanka approves tax-cutting 2011 budget

Dec 10, 2010 8:33:28 AM - yahoo.com
COLOMBO, Dec 10 (Reuters) - Sri Lanka's parliament on Friday passed its first post-war full-year budget, which aims to reduce the fiscal deficit to a 19-year low of 6.8 percent of gross domestic product but also offers tax cuts and fiscal reforms to attract investment.