New Rs 40 Lottery Ticket Under Consideration

In the annual budget for the year 2017, a proposal was made  to increase  the lottery ticket price from Rs 20 to Rs 30  with the view to increase state revenue. However, this proposal could not be implemented due to stiff resistance shown by  lottery ticket selling agents and ticket sellers. There were island wide demonstration held against the price  increase.

Followed by island wide protest the President has summoned  the Minister of Finance Ravi Karunanayake and discussed about revising the price of lottery ticket.  Later on  the President has directed to  reverse the  increase price back to Rs20.

Minister of Finance, Ravi Karunanayake  while addressing  in parliament  yesterday(25) said,  that to introduce a Rs 40  lottery ticket in addition to the existing Rs20  lottery tickets is being considered.