An allowance increase of Rs. 10,000 has been allocated for the state sector employees in the 2024 Budget, President Ranil Wickremesinghe stated.
Delivering the 2024 Budget speech in Parliament this afternoon (13 Nov.), the Head of State revealed that all government employees will receive an additional Rs. 10,000 as Cost of Living allowances.
Accordingly, state sector employees will receive a Cost of Living allowance of Rs. 17,800 effective from January 2024.
Meanwhile, President Wickremesinghe noted that due to the economic hardships that prevailed in the country, several measures were taken to carefully manage public expenditure.
“ln that process, the entitlement of Public Servants for the Distress Loan given during unexpected and unprepared hardships faced by them was subjected to some limitations”, he said, adding that therefore, the Distress loan facility will once again be provided for all public servants, with effect from 01 January 2024.