The Sri Lankan government has recently introduced a new property tax, which has sparked controversy among the public and opposition parties. The tax, set to be implemented in 2027, aims to increase revenue for the cash-strapped government. However, critics argue that the move is a clear departure from the government’s earlier stance, where they had promised not to introduce new taxes. The National People’s Power (NPP) party, in particular, has been accused of flip-flopping on its promises, as they had initially opposed the introduction of new taxes. The IMF has been pushing for Sri Lanka to increase its revenue and implement fiscal reforms as a condition for the bailout package. The government has argued that the new tax is necessary to meet the IMF’s conditions and secure the loan. However, opposition parties and critics argue that the tax will disproportionately affect the middle and lower classes, who are already struggling to make ends meet. The new tax is expected to generate significant revenue for the government, but it remains to be seen how it will be implemented and whether it will achieve its intended goals. The controversy surrounding the tax has highlighted the challenges faced by the government in balancing its fiscal responsibilities with the needs of its citizens. The IMF deal has been seen as a necessary evil by many, but the introduction of new taxes has raised concerns about the impact on the economy and the people. The government has promised to review the tax and make adjustments as necessary, but it remains to be seen whether this will be enough to appease critics. The opposition parties have vowed to continue their protests and opposition to the tax, which is likely to be a major issue in the upcoming elections. The introduction of the new property tax has also raised questions about the government’s commitment to its earlier promises and its willingness to listen to the concerns of its citizens. As the debate surrounding the tax continues, it is clear that the government will have to navigate a complex web of competing interests and priorities in order to find a solution that works for everyone. The IMF deal has provided a temporary lifeline for the government, but it is clear that the road to economic recovery will be long and challenging. The government will have to be careful in its implementation of the new tax, as it will have a significant impact on the economy and the people. The controversy surrounding the tax has highlighted the need for greater transparency and accountability in the government’s decision-making processes. The government will have to work hard to regain the trust of its citizens and demonstrate its commitment to their welfare. The introduction of the new property tax is a significant development in Sri Lanka’s economic landscape, and its impact will be closely watched in the coming months and years.