Migrant worker remittance incentive increased

(FASTNEWS | COLOMBO) – Sri Lanka’s Cabinet of Ministers has granted approval to increase the incentive allowance of migrant workers from Rs. 10/- per USD to Rs. 38/- per USD.

The Department of Government Information said that the Foreign Employment Sector, a major source of foreign exchange for Sri Lanka, remits approximately US $ 7-8 billion annually to Sri Lanka.

The foreign exchange earned by migrant workers should be appreciated and more economic benefits should be given to their family members and dependents to encourage the remittances into the country during the coming New Year, it added.

Accordingly, the Cabinet of Ministers approved the proposal presented by the Minister of Labour to increase the current incentive allowance.