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flag Sri Lanka raises taxes on alcohol and cigarettes, boosting prices to increase government revenue.

flag Sri Lanka has raised excise duties on alcohol and cigarettes, increasing liquor prices by about 6% and adding Rs. flag 5 and Rs. flag 10 per stick to cigarette prices in four categories, effective January 11, 2025. flag The hikes aim to boost government revenue but have reportedly spurred growth in illicit alcohol production.

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