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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Govt to Refund 20% of EPF Contribution to Members

Govt to Refund 20% of EPF Contribution to Members

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God Father


Manager - Equity Analytics
Manager - Equity Analytics
Former CB Governor Cabraal says an unconditional Refund of approximately 20% of the Member balances of the EPF, amounting to around Rs.500 billion would be an excellent stimulus to "kick start" the economy and lead to heightened economic activity in all parts of the country, in the aftermath of the Covid-19 pandemic: also says the initiative would be a viable alternative to the Government funded fiscal stimuli implemented in several advanced economies.
 #economy  #stimulus #rupee #srilanka

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