The demand for liquor has decreased by about 30% in Sri Lanka, it was revealed at the Committee on Public Finance.
The committe was informed that this was due to the recent increase in the price of liquor and the decrease in the income of the people of the country.
During a meeting of the Committee on Public Finance officials representing several institutions, including the Ministry of Finance, Sri Lanka Excise Department, and Sri Lanka Customs were contacted online to discuss plans to increase government revenue and their current status.
The officials said that there were several problems in the Sri Lanka Excise Department in reaching the target revenue due to the limited quantity of ethanol available for the production of liquor, limited number of diesel, and fuel and distribution problems.
Stating that the demand for alcohol has decreased by about 30% due to the increase in the price of alcohol and the economic hardships faced by the people, the official added that the sudden price hike had resulted in the increase in the production of illicit liquor.
(courtesy NewsWire)
