Last year alcohol production decreased by 19%
CategoriesTOP-NEWS

Last year alcohol production decreased by 19%


Only the production of quarter alcohol bottles has decreased by 15 million. 147 of the 214 alcohol licenses granted in 2023 are only for the tourism industry – Minister of State for Finance Dr. Ranjith Siyambalapitiya

Minister of State for Finance Dr. Ranjith Siyambalapitiya says that alcohol production in Sri Lanka has decreased by 19% in the year 2023.

The minister said this today in the Parliament while answering a question that was presented in anticipation of oral answers.
The minister points out that the production of 180 ml alcohol bottles, which has the highest sales, has decreased by about 15 million. In 2022, 57.7 million 750ml bottles of alcohol were produced and the number decreased to 39.5 million in 2023. In the year 2023, 36.6 million bottles have been produced for the amount of 375 ml bottles that were produced in 2022. The minister mentioned that the quantity of 180 ml bottles produced in 2022 was 105.8 million, but in 2023, it has dropped to 90.5 million.

Meanwhile, the minister said that 214 new alcohol licenses have been issued in the year 2023 alone and 147 of them are F.L 7, 8 and F.L 11 types issued for the tourism industry. The Minister mentioned that the total number of alcohol licenses given by the Excise Department is 5730.

The Minister stated that despite the opinion that the use of alcohol is increasing due to the establishment of legal alcohol halls, illegal alcohol is prevalent in areas where there is no legal alcohol. Therefore, Mr. Siyambalapitiya said that what should be done is to prevent them and take measures to get the lost tax revenue. The minister, who said that the government will not promote the use of alcohol in any case, pointed out that the alcohol license fees have also been raised. The minister further mentioned that 75% of the price of a bottle of alcohol is charged as tax and most of the tax is charged on alcohol.

The post Last year alcohol production decreased by 19% appeared first on Adaderana Biz English | Sri Lanka Business News.