The government outperformed the targets set by the International Monetary Fund (IMF) on quarterly tax revenue collection, bringing in billions of rupees through vehicle imports and other tax avenues, but recorded a lower capital expenditure, a Parliamentary Oversight Committee has observed.
The achievement was noted in the Committee on Public Finance’s (COPF) report on the Appropriation Bill for 2026. The report, tabled in Parliament this week, focuses on the fiscal, financial and economic assumptions to analyse the estimated expenditure and revenue of the budget.
Read more in today's Sunday Times edition here
A short while later, the official car of the Commander of the Navy, bearing plate NAHA 5006, departed from Navy House, Longdon Place, Colombo 7.
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