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Sri Lanka to Scrap Pension Benefits for MPs Amid Ongoing Economic Crisis
Summary by thehindustangazette.com
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Sri Lanka to Scrap Pension Benefits for MPs Amid Ongoing Economic Crisis
Colombo: In a major move to tackle its prolonged financial crisis, Sri Lanka has decided to abolish pension benefits for Members of Parliament (MPs). The decision is part of a series of measures aimed at reducing government spending and cutting down political privileges as the country continues to deal with a severe economic downturn. Authorities said the move is intended to ease the financial burden on the state and ensure better use of public …
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