Rajitha  Senaratne Assures that the  Increase in VAT is Temporary.

As per International Monetary Fund (IMF), previous Government has taken  loans to the tune of  Rs1.3 trillion from various state banks. These loans were not taken through Central Bank, which is the national Exchequer. These loans have to be paid back. While World Bank offered US$ 1.5 million Asian Development Bank came forward to assist us in repaying the loan with their US$ 1.5 billion. Further, he said that the new VAT  amendment bill has been approved by the Cabinet. This new amendment bill will have less impact than the earlier one on the people. Rajitha revealed this while participating at the Kalutara District State Services Sports Festival yesterday.