|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Bangladesh||05||05 - Health and income support||BDT||346,065,000,000||4,073,749,264||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 1 May 2020). The Financial Express. https://thefinancialexpress.com.bd/economy/covid-19-govt-so-far-announces-1190b-stimulus-packages-1590759538 (accessed 26 June 2020).|
|Bangladesh||05A||05A - Health support||BDT||8,500,000,000||100,058,858||Ministry of Finance. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (accessed 29 June 6).||
(i) BDT1 billion Special Honorarium for doctors, nurses, medical workers; (ii) BDT7.5 billion compensation in case infection/death.
|Bangladesh||05B||05B - Income support||BDT||337,565,000,000||3,973,690,406||Ministry of Finance. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (accessed 29 June 6). Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/fepd/may122020fepdl20.pdf (accessed 29 June 2020).||
(i) BTD20 billion, the Ministry of Finance will subsidize interest payments as mentioned in Measure 2 on working capital loans by scheduled banks to businesses; (ii) BDT12.58 billion Cash Transfer to targeted poor people; (iii)BDT8.15 billion expansion of cash allowance programs; (iv) BDT25.03 billion free food distribution; (v) BDT2.51 billion OMS of rice at 10 taka/kg; (vi) BDT21.3 billion construction of home for homeless people; (vii) BDT8.6 billion additional procurement of paddy/rice (2.0 lac ton), (viii) BDT2.0 billion Support for farm mechanization; (ix) BDT95 billion subsidy for agriculture; (x) BDT20 billion employment creation through four State owned entities; (xi) Export Development Fund has been increased by USD1.5 billion; (xii) BDT20 billion subsidy for commercial bank's suspended interest of April-May, 2020; (xiii) No amount/estimate: Expatriate Bangladeshis can get 2% incentives without showing any paper on remittance upto $5,000 (earlier $1,500) and for more than $5,000
|Bangladesh||11||11 - Other Economic Measures||BDT||Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/brpd/jun102020brpd12.pdf (accessed 29 June 2020).||
BB instructed banks to waive customers interest for the period from 1 April to 31 May based unclassified loan outstanding balance as at 30 March 2020. According to the instruction, loan balance upto BDT 0.1m, waiver the whole amount of interest; loan balance more than BDT 0.1m to BDT 1m interest, interest waiver @2% annually; loan balance more than BDT 1m; interest waiver @1%. Customer wise maximum amount of waiver is BDT 1.2m.
|Bhutan||05||05 - Health and income support||BTN/INR||32,000,000,000||430,592,553|
|Bhutan||05A||05A - Health support||BTN/INR||2,000,000,000||26,912,035||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Ministry of Health. https://www.gov.bt/covid19/?p=1658 (accessed 22 July 2020).||
(i) April, An additional resource of BTN2 billion will be provided to the Ministry of Health to meet health-related spending; (ii) No amount/estimate: July 20, The government announced the exemption of COVID19 testing fees for the following categories of travellers: (a) undergraduate students and (b) referred patients and patient attendants approved by the referral committee.
|Bhutan||05B||05B - Income support||BTN/INR||30,000,000,000||403,680,518||Official Statement from the Office of the Prime Minister of Bhutan (PMO). https://bit.ly/2yrZXYx (accessed 13 April 2020); PMO. https://bit.ly/3b6ygCh (accessed 6 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); PMO. https://bit.ly/3efwMrR (accessed 18 June 2020); PMO. https://bit.ly/3ggtGo2 (accessed 1 July 2020); PMO. https://bit.ly/39oW0lW (accessed 20 July 2020).||
April, The National Resilience Fund has been approved and established. With a fund size amounting to about BTN30 billion, the resources will support the implementation of the following activities: (i) Grant of the Druk Gyalpo’s Relief Kidu to people who have been laid off or placed on reduced salaries to provide them immediate financial support. April 30, The Druk Gyalpo's Relief Kidu has granted BTN150 million as the first disbursement of the Relief Kidu to 13,006 people. On June 26, the government announced that the Druk Gyalpo Relief Kidu will continue from July to September 2020, however, with revision in amounts. The Relief Kidu has granted about BTN700 million between April and June 2020 to over 23,000 affected people ; (ii) Interest waiver (50% of cost) - effective May 1, the Royal Monetary Authority announced that the interest waiver would also be extended to non-performing loan accounts for a period of three months (April–June). The government will finance 50% of the total interest payment and the financial institutions offered to support the other 50%. On June 11, The government handed over the e-fund payment to financial service providers for loan interest waiver for the month of April. The government is financing 50% of the interest waiver amounting to BTN625.96 million (Total amount of the interest waiver for April stands at BTN1.2 billion). On June 26, the government announced to further extend interest waiver for another nine months for loans availed as of April 10, 2020. Full interest waiver will be granted from July to September 2020, followed by a partial interest waiver (50%) from October 2020 to March 2021. The cost of interest payment for the nine months is estimated at BTN7.5 billion and will be fully granted from the National Resilience Fund ; (iii) Fast-track the implementation of the 12th Five Year Plan and wherever possible frontload the investments. June 26, In order to support front-loading of capital investments, procurement guidelines will be simplified including preferential treatment for local goods; (iv) Business income tax (BIT) and corporate income tax (CIT) filing and tax payment for the income year 2019 will be deferred until June 30. June 26, targeted tax deferments will be provided over the next six to 12 months; (v) Deferred payment of sales tax and customs duty on essential items (March–June); (vi) Waiver of payment of rent and other charges (April–June) by tourism-related business entities leasing government properties. June 26, rental waivers will be provided over the next six to 12 months; (vii) May 25, The government will be refunding the 5% sales tax collected on telecom services collected on or after January 16, 2020; (viii) No amount/estimate: July 1, Launched the Economic Contingency Plan (ECP) Series I, which aims to help various sectors, including tourism, agriculture, construction and improvement of farm roads.
|Bhutan||11||11 - Other Economic Measures||BTN/INR||3,000,000,000||40,368,052||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Royal Monetary Authority. https://www.rma.org.bt/rgobbond.jsp (accessed 01 October 2020).||
(i) Office of Consumer Protection has published market price information of essential commodities as of March 11, to monitor and keep track of price movement in the market and provide information to consumers for informed purchase decision; (ii) March 24, A ban on select food product (e.g., betel leaf, betel nut) import from India has been imposed to curb the spread of COVID-19; (iii) June 29, Import of luxury motor vehicles and bikes have been suspended; (iv) September 4, The Royal Monetary Authority announced the issuance of a 3-year government bond of BTN3,000 million with an annual coupon rate of 6.5% to promote capital market development amid the pandemic [update].
|India||05||05 - Health and income support||INR||11,838,186,220,000||159,294,838,251||Press Information Bureau. https://pib.gov.in/PressReleseDetail.aspx?PRID=1633516 (accessed 24 June 2020). Financial Times. https://www.ft.com/content/5734f333-e4d7-4ebf-9de2-220e537da3f0?accessToken=zwAAAXIRWB3Ykc9XNPMz5NdOv9Od4iIOU32j8A.MEQCIE1obkN05q4qkjoiBgF6riG66o6ocs0SQWfl2AsFIikHAiADu_DmNRDP9bo3QfxgYpytmLV8FGnEHOa8g66dgBdahQ&sharetype=gift?token=4a849e3f-c1b7-487d-ba1d-e73f283cd8c8 (accessed 14 May 2020). India Economics Update, Capital Economics. IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 3 July 2020)||
(i) Three measures have already been announced as direct support to income/revenue. The first, mainly devoted to health, totalled around INR150 billion. The second, focusing on nonhealth initiatives, totalled around INR2 trillion. Finally, on May 13, USD112.5 billion in fiscal support was announced, which is part of the USD266 billion support package announced by Prime Minister Modi. Part of this will go towards new measures targeting businesses and expanding support for poor households. The complete breakdown is yet to be disclosed; (ii) May 17, an additional INR400 billion was allocated to provide employment boost; (iii) No amount/estimate: Other key measures announced include: (a) health reforms & initiatives by investing in health institutions, among others and (b) a program for digital education to be launched immediately; (iv) June 23, the Prime Minister CARES Trust Fund has allocated INR3 billion for both health and nonhealth initiatives; (v) June 12, the GST council announced that it would halve the interest rate charged on overdue filings of small businesses. On June 30, Prime Minister Modi announced that the provision of food rations to vulnerable households would be extended through end-November (0.4 percent of GDP).
|India||05A||05A - Health support||INR||Press Information Bureau. https://pib.gov.in/PressReleseDetail.aspx?PRID=1633516 (accessed 24 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 May 2020).||
Prime Minister Modi announced that an additional INR150 billion will be devoted to health infrastructure, including for COVID-19 testing facilities, personal protective equipment, isolation beds, intensive care unit (ICU) beds, and ventilators; (ii) No amount/estimate: Reduction and/or eliminations of tariffs for imports of medical or surgical instruments and supplies along with eemptions fom "health cess"; (iii) June 23, Allocated from the Prime Minister CARES Trust fund INR2 billion for supply of 50000 ‘Made-in-India’ ventilators to government-run COVID19 hospitals.
|India||05B||05B - Income support||INR||Press Information Bureau. https://pib.gov.in/PressReleseDetail.aspx?PRID=1633516 (accessed 24 June 2020). Ministry of Finance. https://pib.gov.in/PressReleasePage.aspx?PRID=1631127 (accessed 17 June 2020). https://pib.gov.in/PressReleasePage.aspx?PRID=1625319 (accessed 21 May 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 3 July 2020).||
(i) March 26, Finance Minister Sitharaman announced a stimulus package valued at approximately 0.8% of GDP. The key elements of the package are (a) in-kind (food, cooking gas) and cash transfers to lower-income households; (b) insurance coverage for workers in the health-care sector; and (c) wage support to low-wage workers (in some cases for those still working, and in other cases by easing the criteria for receiving benefits in the event of job loss); (ii) No amount/estimate: Several measures to ease the tax compliance burden across a range of sectors have also been announced, including postponing some tax filing and other compliance deadlines; (iii) Numerous state governments have also announced measures to support the health and well-being of lower-income households, primarily in the form of direct transfers (free food rations and cash transfers)-the magnitude of these measures varies by state, but on aggregate measures thus far amount to approximately 0.2% of India’s GDP; (iv) May 17, an additional INR400 billion was allocated to provide employment boost; (v) No amount/estimate: May 20, approved the extension of Pradhan MantriVayaVandanaYojana, a social security scheme for senior citizens, for three additional years until March 2023; (vi) June 12, Provided waiver of late fees and interest as well as reduced the 18% per annum rate to 9% per annum for late furnishing of tax returns for small tax payers; (vii) June 23, a sum of INR1 billion has been allocated from the PM Cares Trust Fund for the welfare of migrant laborers; (viii) June 30, Prime Minister Modi announced that the provision of food rations to vulnerable households would be extended through end-November (0.4% of GDP).
|India||11||11 - Other Economic Measures||INR||382,500,000,000||5,146,926,607||RBI. https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50324 (accessed 17 September 2020). Securities and Exchange Board of India. https://www.sebi.gov.in/legal/circulars/jul-2020/relaxation-from-compliance-with-provisions-of-the-sebi-issue-and-listing-of-debt-securities-regulations-2008-ilds-regulation-sebi-non-convertible-redeemable-preference-shares-regulations-20-_47071.html (accessed 17 July 2020), https://www.sebi.gov.in/legal/circulars/jul-2020/relaxation-from-compliance-with-certain-provisions-of-the-sebi-issue-and-listing-of-municipal-debt-securities-regulations-2015-ildm-regulations-and-certain-sebi-circulars-due-to-the-covid-19-vir-_47015.html (accessed 8 July 2020); Ministry of Finance. https://pib.gov.in/PressReleasePage.aspx?PRID=1625319 (accessed 21 May 2020); WTO. https://www.wto.org/english/tratop_e/covid19_e/covid19_e.htm#faq (accessed 5 May 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020).||
No amount/estimate: (i) Amendments introduced to the export policy of several products; (ii) May 17, Enhancements to the Ease of Doing Business Act and decriminalisation of Companies Act violations; (iii) July 7, Decided to partially modify circular No. SEBI/HO/DDHS/CIR/P/2020/41 (dealing with investor grievance report, financial results and accounts maintained by issuers under ILDM Regulations) and extended the timelines for submission to July 31, 2020; (iv) July 15, Decided to permit Listers who listed or intend/propose to list NCDs/NCRPS/CPs to use available financials as of December 31,2019, pre-coronavirus; (v) August 31, Announced that various State Governments have offered to sell securities by way of an auction, for an aggregate face value of INR82.5 billion; (vi) August 7, The Reserve Bank announced the constitution of an Expert Committee under the chairmanship of Shri K.V. Kamath to make recommendations on the required financial parameters to be factored in the resolution plans under the ˜Resolution Framework for Covid19-related Stress; (vii) August 31, Announced the re-issue of various fixed-rate government equities (stocks) at different years and percentages, for a total of INR300 billion through price-based action; (viii) September 22, the Parliament adopted the amendment to the Indian Bankruptcy Code, with no insolvency cases until March 25, 2021. [update]
|Maldives||05||05 - Health and income support||MVR||2,500,000,000||162,665,470||Ministry of Finance. https://www.finance.gov.mv/media/news/mvr-25-million-economic-recovery-plan (accessed 13 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19 (accessed 26 May 2020); The Edition. https://edition.mv/news/18141(accessed 31 July 2020); The Edition. https://edition.mv/news/18174 (accessed 31 July 2020).||
March 20, To minimize the economic impact of the COVID–19 virus, the authorities announced an Economic Recovery Plan of MVR2.5 billion: (i) reduce the recurrent expenditure by MVR1 billion; (ii) increase the amount of funds allocated for the health sector; (iii) subsidize 40% of electricity bills and 30% of water bills for the months of April and May; (iv) provide special allowance to those who lose their jobs due to COVID-19; (v) arrange working capital for businesses through banks; (vi) defer principal and interest amount of loan repayments to Bank of Maldives (BML) by businesses and people who have been negatively impacted of COVID-19.
|Maldives||05A||05A - Health support||MVR||World Trade Organization (WTO). https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 19 April 2020); Ministry of Finance. https://www.finance.gov.mv/public/attachments/tlDHkVtRSsbHlcIVKsDXPL7ZWH3lyS7kXzqzkPGa.pdf (accessed 16 September 2020); Ministry of Finance. https://www.finance.gov.mv/publications/statistical-releases/weekly-covid-19-spending (accessed 2 October 2020).||
(i) No amount/estimate: March 17, Temporary reduction of import tariffs on certain personal protective equipment like hand sanitizers, disinfectants, etc. Imports are also exempted from processing fees; (ii) As of September 24, total spending towards COVID-19 health and social efforts that is part of the Economic Recovery Plan stood at MVR1,284.1 million [update].
|Maldives||05B||05B - Income support||MVR||The Edition. https://edition.mv/business/18270 (4 August 2020). Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/discount-electricity-bills (accessed 28 August 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/financial-aid-students-abroad (accessed 28 August 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/income-support-allowance (accessed 16 September 2020, 2 October 2020).||
(i) As of May 2020, MVR48.2 million has been disbursed as the Government subsidized 40% of electricity utility bills of April and May 2020; (ii) As of May 2020, MVR10.2 million has been disbursed as the Government subsidized 30% of water utility bills of April and May 2020; (iii) No amount/estimate: August 4, the Ministry of Tourism reduced the fine imposed on late rent fees for tourist establishments from 0.5% to 0.0493%; (iv) No amount/estimate: Under the Financial Aid for Students Abroad under the Economic Recovery Plan, students would be paid for a maximum period of 2 months, in relation to the stipend rates set by the Ministry of Higher Education (MoHE). Eligible students will get a daily allowance corresponding to living allowance for their country of study, but will be capped at USD50 per day; (v) As of September 24, MVR89.8 million under the Income Support Allowance that is part of the Economic Recovery Plan has been disbursed [update].
|Maldives||11||11 - Other Economic Measures||MVR||Ministry of Finance. https://www.finance.gov.mv/media/news/mvr-25-million-economic-recovery-plan (accessed 13 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19 (accessed 26 May 2020); The Edition. https://edition.mv/news/19115 (accessed 16 September 2020).||
(i) April, Reduce recurrent expenditure by MVR1 billion; (ii) September 13, The Ministry of Finance decided to reassess and amend the state budget declared for the year 2020 due to the significant reduction in revenue generated by the state in the wake of the ongoing COVID-19 pandemic.
|Nepal||05||05 - Health and income support||NPR|
|Nepal||05A||05A - Health support||NPR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020); Ministry of Finance. https://mof.gov.np/en/archive-documents/budget-speech-17.html?lang= (accessed 6 July 2020).||
No amount/estimate: (i) March 30, Health spending will be increased, including by providing additional insurance coverage to all medical personnel fighting the coronavirus, importing additional medical supplies (with duty on said items eliminated), and setting up quarantine centers and temporary hospitals; (ii) May 28, In the budget speech for fiscal year 2020/21, Finance Minister Khatiwada announced additional measures in the area of healthcare (the establishment of additional hospital facilities). The specific measures announced include (a) Testing facilities to be expanded in high risk zones; and additional quarantines with testing facilities to be established to allay public concern; (b) Healthcare and lab technicians will be eligible for encouragement allowance; and will be provided with personnel protective equipment; (c) Provision of free health insurance plan of up to NPR500,000 for all healthcare professionals combatting contagious diseases including novel coronavirus; (d) A 50% discount on annual fee applicable on a group corona insurance policy worth NPR100,000; (e) A 300-bed tropical disease hospital to be established in Kathmandu Valley in FY2021; (f) 250 ICU beds to be added in all government hospitals across Kathmandu valley and provincial capitals; (g) A 50-bed tropical disease hospital to be operationalized in all provincial capitals; (h) Capacity of National Public Health Laboratory to be enhanced to comply with international standards; modern health laboratories to be established in all provincial capitals; health desks equipped with requisite medical equipment to be established in all major international entry points; (i) Basic hospitals with 5-15 beds to be established in all local levels; 272 such hospitals to be established by FY2021.
|Nepal||05B||05B - Income support||NPR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020); Ministry of Finance. https://mof.gov.np/en/archive-documents/budget-speech-17.html?lang= (accessed 6 July 2020).||
No amount/estimate: (i) March 30, Social assistance will be strengthened by providing those most vulnerable with daily food rations, subsidizing utility bills for low-usage customers, extending tax-filing deadlines, and taking measures to partially compensate those in the formal sector for lost wages in the event of job loss; (ii) April 26, Informal sector workers who have lost their jobs due to the ongoing crisis will be given the opportunity to participate in public-works projects for a subsistence wage or receive food worth 25% of local daily wage should they choose not to participate; (iii) May 28, The budget speech for fiscal year 2020/21 includes additional measures in the area of job creation (labor intensive in the construction sector, and training for work in manufacturing and service sectors). Some specfic measures include (a) Daily wagers in the informal sector who choose not to be included in either food-for-work or cash-for-work modalities will still be entitled to food worth one-fourth of minimum wage receivable; (b) Electricity bills will be completely waived for households consuming up to 10 units per month; a 25% discount on electricity bills for households consuming up to 150 units of electricity per month; and a 15% discount on electricity bills for households consuming up to 250 units per month; (c) Electricity demand charge during the nationwide lockdown to be waived for industries affected by COVID-19 pandemic; industries will be entitled to a 50% discount on electricity bills during low demand; (d) Government to deposit employer and employees’ social security contribution to SSF during the period of nationwide lockdown; (e) Prime Minister Employment Program will be further expanded across all three tiers of governments. Under this program, an additional 200,000 jobs will be generated; (f) Skill enhancement training programs to be launched at federal and provincial levels so that Nepali workers can fill in employment opportunities created with the departure of foreign migrant workers due to COVID-19 pandemic. It is expected that this initiative will generate an additional 50,000 jobs; (g) An additional 40,000 jobs will be generated through Small Farmers’ Credit Program operated via Small Farmers’ Development Micro Finance Institutions.
|Nepal||11||11 - Other Economic Measures||NPR||NRB. https://www.nrb.org.np/contents/uploads/2020/04/Circular10-2076-77_20200401_0001.pdf (accessed 6 July 2020).||
April 1: (i) The security requirement of 10% of L/C value (Document value) for the import of COVID-related medical supplies and equipment has been waived; (ii) Parents/guardians can send USD500 per student to meet their living expenses abroad even without a NO OBJECTION LETTER.
|Sri Lanka||05||05 - Health and income support||LKR||41,473,926,000||224,114,720|
|Sri Lanka||05A||05A - Health support||LKR||2,845,151,000||15,374,484||News.lk https://news.lk/news/politics/item/29845-president-pledges-usd-5m-to-saarc-corona-emergency-fund (accessed 26 June 2020); SLRM. Covid-10 policy responses repository as of 2 July 2020.||
(i) March 23, President Gotabaya Rajapaksa has pledged USD5 million (0.01% of GDP) to the South Asian Association for Regional Cooperation (SAARC) COVID-19 Emergency Fund; (ii) No amount/estimate: Steps were taken to increase the health system capacity; the government scaled up testing services; (ii) LKR100 million from the Presidential fund was used to establish a special fund for containment, mitigation and social welfare spending, inviting local and foreign tax-free donations. The primary focus of the fund is facilitating the containment of COVID-19 including, purchasing medication, medical equipment and capacity expansion; (iii) June 30, The government has allocated up to LKR1.2 billion (0.01% of GDP) for preventive measures.
|Sri Lanka||05B||05B - Income support||LKR||38,628,775,000||208,740,236||CBSL. https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/cdg/mb_circular_no_4_of_2020_e_1.pdf (accessed 26 June 2020); CBSL. https://www.cbsl.gov.lk/en/node/8123 (accessed 10 July 2020); President Gotabaya Rajapaksa. https://www.president.gov.lk/more-concessions-to-public-in-the-face-of-covid-19-outbreak/ (accessed 10 July 2020); Sri Lanka, Department of Government Information. https://www.dgi.gov.lk/news/cabinet-decisions/2065-cabinet-decisions-2020-07-15 (accessed 7 August 2020); Sri Lanka, Inland Revenue Department. http://www.ird.gov.lk/en/Lists/Latest%20News%20%20Notices/Attachments/261/CMN03062020_E.pdf (accessed 28 August 2020); Sri Lanka, Department of Government Information. https://www.dgi.gov.lk/news/cabinet-decisions on 2 September 2020 (accessed 10 September 2020); News.lk. https://www.news.lk/news/political-current-affairs/item/30675-president-removes-tax-imposed-on-gem-and-jewelry-industry (accessed 10 Septebmer 2020); News.lk. https://news.lk/news/political-current-affairs/item/30783-relief-program-to-support-the-tourism-industry-subsequent-to-the-covid-19-outbreak (accessed 2 October 2020).||
No amount/estimate: (i) March 17, Tax exemptions on the importation and supply of masks, disinfectant, machinery and equipment including medical, surgical, and dental instruments, and price ceilings on essential food item such as lentils, eggs and canned fish; (ii) March 24, The 2.4 million beneficiaries of the Samurdhi program will also receive food stamps for essential food items on a weekly basis; March 30: (iii) Two rounds of monthly cash transfers to poor and vulnerable households totaling around 0.25% of GDP was made in April and May; No amount/estimate: (iv) Payment of electricity and water utility bills (both electricity and water utility operators are state-owned entities) that are below LKR15,000 were extended until end April 2020; June 4: (v) No late payment charges will be imposed on income taxes up until 30 June 2020; (vi) June 25, Tax relief measures to SMEs in the form of wavering of income tax arrears on assessments issued up to the year of assessment 2018/19, non-issuance of additional assessments for the year 2019/20, granting grace period to settle taxes in arrears/default, extension on seizure notices, and extension of the dates for the payment of taxes and filing of tax returns; On July 3, Submission of various tax returns/statements was extended until Dec 31; (vii) June 26, Together with the credit gurantee, an interest subsidy scheme will be launched on 1 July 2020. CBSL will provide a 5% interest subsidy to cover the cost of funds of banks; (viii) July 15, Consumers were provided relief for electricity bills during the months of March to May, charging the lower February bill for these months, with a grace period of 2 months to settle the bill; the power supply disconnection normally done for late payments has also been temporarily suspended; (ix) September 2, The Cabinet approved the allocation, from the General Treasury, of essential recurrent expenditures of government media institutions for a period of 4 months from September to December; (x) September 8, The President removed the 14% income tax imposed on profits earned by gem and jewelry manufacturers and the 15% tax on gold imports to support the industry; (xi) No amount/estimate: October 1, In connection with the government's decision to support the tourism industry, tourist resorts registered under the SLTDA were given the chance to pay their accumulated electricity bills from 1 Mar 2020 to 31 Aug 2020 in 12 equal installments from 1 Sep 2020; further, power supply during this period will not be disconnected [update].
|Sri Lanka||11||11 - Other Economic Measures||LKR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020); News 1st. https://www.newsfirst.lk/2020/05/22/sri-lanka-lifts-import-bans-except-for-vehicles-in-covid-19-economic-recovery-plan/ (accessed 23 May 2020); CBSL. https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/press/pr/press_20200513_central_bank_of_sri_lanka_implements_extraordinary_regulatory_measures_to_provide_liquidity_to_banks_amidst_covid_19_outbreak_e.pdf (accessed 26 June 2020).||
(i) April 23, import duties on petrol and diesel were increased to mitigate weak revenue collections, but this was reversed in late June; (ii) May 22, Sri Lanka lifts import bans except for vehicles in COVID-19 economic recovery plan.