President Mahinda Rajapakse, who is also the finance and defence minister, told parliament he was raising telecom tax from 20 to 25 percent to rake in more revenue from the rapidly growing industry.
Rajapakse introduced a 15 percent tax on land leased to foreign nationals, slapped a two percent tax on banks and raised duties on the import and export of several commodities.
The estimated revenue from the new measures for 2014 was not immediately clear.
A treasury source said foreigners who already own land will not be affected, but they will not be allowed to transfer ownership to non-nationals.
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The government had earlier this year announced a complete ban on the sale of real estate to foreigners.
In recent years, foreigners had snapped up prime locations along the island's southern coast, as well as heritage sites where Portuguese, Dutch and British colonial rulers had their forts.
The government allocated a record 253 billion rupees (USD 1.95 billion) for the defence ministry, despite international pressure to scale down the military after the war.
The 2014 defence budget is marginally higher than the 249 billion rupees budgeted for this year.
The government has not explained the increase, but official sources said the sustained high defence spending included repayments of loans taken out to buy arms at the height of the fighting.
Rajapakse told parliament today that he expected the economy to grow 7.5 to 8.0 percent in calendar 2014.