Nov 11, 2017

2018 budget: green light from environmentalists! Featured

This times budget has presented strategies for environmentally friendly development, said Environmentalist Jagath Gunawardena.

In the long run it is a positive situation he said.

Finance Minister Mangala Samaraweera said this budget was based on the United Nations Sustainable Development Goals. Its theme was also blue green economy.

Gunawardena said these motives were truly manifested in this budget.

Deterring polythene and transmission towers:

He praised the measures taken to discourage the use of polythene and telecommunication transmission towers.

However, he said if these proposals are to materialise, there are other factors that need to be considered.

The budget proposed that a tax of Rs. 10 would be imposed for every kilogram of polythene and plastic raw material.

It also proposed that the private sector would be encouraged to produce bags and packaging using biodegradable raw materials such as banana leaves and bark, palm leaves, coir and bamboo etc.

The budget also included proposals to exempt all machinery and intermediate materials used for the manufacture of biodegradable packaging materials.

The taxes imposed on transmission towers is Rs, 200,000 per month per tower and telecommunication tower operators are required to pay this tax monthly.