முன்னேற்றம்:
Proposed Commitments on Corporate Income Tax
Proposed Commitments on Credit to Government
Proposed Commitments on Debt Sustainability
Proposed Commitments on Excises Customs Duties
Proposed Commitments on Expenditure Arrears
Proposed Commitments on External Payment Arrears
Proposed Commitments on Financial Sector
Proposed Commitments on Fiscal Reforms
Proposed Commitments on Fuel and Electricity - these refer to the obligations of Ceylon Petroleum Corporation (CPC) and Ceylon Electricity Board (CEB) to supply fuel and electricity at prices below cost-recovery levels.
Proposed Commitments on Governance
Proposed Commitments on Import Restrictions
Proposed Commitments on Inflation
Proposed Commitments on Monetary Rate Policies
Proposed Commitments on Net official International Reserves
Proposed Commitments on Other Taxes
Proposed Commitments on Personal Income Taxation on Capital Income
Proposed Commitments on Personal Income Taxation on Labour Income
Proposed Commitments on Primary Balance - Primary balance refers to the difference between a government's total revenues and its total non-interest expenses
Commitments that had to be met before the IMF board approval
Proposed Commitments on Property and Wealth Taxes
Proposed Commitments on Social Net Reforms
Proposed Commitments on Social spending on, (1) Samurdhi cash transfers; (2) assistance to the elderly (over 70 years of age); (3) allowance for disabled people; and (4) financial support for kidney patients.
Proposed Commitments on State Owned Enterprice Reforms
Stock of expenditure arrears
Proposed Commitments on Tax Revenue
Proposed Commitments on Treasury guarantees - A guarantee of a debt refers to any explicit legal obligation of the central government to service such a debt in the event of nonpayment by the recipient. Treasury guarantees exclude letters of comfort.
Proposed Commitments on Value Added Tax
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No new exemptions under SDP/Port City frameworks
Provide no new exemptions to businesses based on the SDP and Port City Acts and regulations in effect as of May 28, 2025.
more“We adhered to the continuous SB on not granting new tax exemptions based on the Port City and SDP Acts that were in effect on May 28, 2025” (p.91).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
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Enact Asset Recovery Law aligned with UNCAC
Enact a comprehensive Asset Recovery Law to harmonise it with the United Nations Convention Against Corruption, in consultation with IMF staff.
moreStatus carried forward from a prior review.
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Apr-25
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Repeal Foreign Loans Act
Parliament to repeal the Foreign Loans Act in full.
moreStatus carried forward from a prior review.
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Apr-25
-
Report quarterly tax compliance KPIs
Track and report the updated quarterly KPIs of tax compliance (Annex I)
moreQuarterly KPIs of tax compliance — “Met for end-August, end-November 2025, and end-February” (p.98).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-May-25
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Publish VAT compliance improvement programme and risk-based plan
Formulation and publication of a VAT compliance improvement programme identifying, assessing, and prioritising compliance risks for key taxpayer segments and determining a detailed plan to address those risks.
more“IRD mobilized the VAT compliance improvement program in June 2025… In January 2026, the VCIP shifted to covering the traditional VAT regime” (p.79).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-May-25
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Finalize amendments to the Companies Act to bring the beneficial ownership framework
Finalize amendments to the Companies Act to bring the beneficial ownership framework in line with the FATF standards by end-June 2025.
more“amending the Companies Act in August 2025 to introduce beneficial ownership requirements in line with the FATF standards… we operationalized the Beneficial Ownership Registry” (p.92).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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Make adjustments to the National Audit Act to facilitate the effective levying of fines on officials
Make adjustments to regulations implementing the National Audit Act to facilitate the effective levying of fines on officials, including Chief Accounting Officers who fail to fulfill their responsibilities in overseeing and managing the public assets by June 2025.
more“We amended the National Audit Act to facilitate the effective levying of fines on officials, including Chief Accounting Officers who fail to fulfill their responsibilities in overseeing and managing public assets” (p.92).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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Finalize the dispath audit of CEB's operational cost
The dispatch audit of CEB’s operational costs, which would assess the scope for efficiency gains in electricity generation and transmission, is facing delays, and we now expect to finalize it by end-August 2025.
more“The dispatch audit of CEB’s operational costs to identify efficiency gains in electricity generation and transmission was completed in November 15, 2025” (p.84).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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Conclude the roll-out of ITMIS
We have completed the roll-out of Integrated Treasury Management Information System (ITMIS) to 171 out of 172 spending heads by end-May 2025, and will conclude the rollout to the final spending head by end-June 2025.
more“We completed the roll-out of the core modules of the Integrated Treasury Management Information System (ITMIS) to all spending heads by end-September 2025” (p.82).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-a+I24+[@Source]
நிறைவேற்றப்பட்டது
30-Jun-25
-
Pubish a Fiscal Strategy Statement and a Fiscal Risk Statement
We will update and publish the Fiscal Strategy Statement (FSS) and enhance it with a Fiscal Risks Statement by end-June 2025.
more“We updated and published the Fiscal Strategy Statement (FSS), with a Fiscal Risks Statement in June 2025” (p.81).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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Publish semi-annual transparency disclosures on procurement and tax exemptions
Publish on a semi-annual basis on a designated website (i) all public procurement contract above Rs. 1 billion, along with comprehensive information in a searchable format on contract award winners; (ii) a list of all firms receiving tax exemptions through the Board of Investments, the SDP and Port City, and an estimation of the value of these tax exemptions; and (iii) a list of firms receiving tax exemptions on luxury vehicle import.
moreSemi-annual publication of procurement contracts >Rs.1bn and tax-exemption lists: “Met for end-June and end-December 2025” (p.100).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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Strengthen asset declaration system and public disclosure
Strengthen the existing asset declaration system by (i) allowing public access to published declarations through foreign and local phone numbers or email accounts and posted forms to be downloadable, (ii) publishing the remaining asset declarations of senior officials along with the list of non-filers, (iii) revising the existing form to include beneficial ownership information, and (iv) modifying current rules on redactions so that information on the value of bank accounts and other assets is disclosed to the public.
moreCIABOC “strengthened the asset declaration (AD) system (SB)” across the four sub-components; “we launched an electronic declaration system” (p.90); SB28 “Met” (p.100).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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Lift collateral enforcement moratorium to permit foreclosures
Parliament to lift the moratorium on enforcement of collateral (introduced during the pandemic) to permit foreclosures by creditors under the Parate Law.
more“We will ensure that parate executions will continue to be available for banks as a mechanism for collateral recovery” (p.89).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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Establish a digital SPRR
Establish a digital SPRR: “Not met, implemented with delay on January 22, 2026” (p.98); “established the final SPRR in end-January 2026” (p.80). Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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IRD report on simulation of new VAT refund arrangements (post-SVAT)
IRD will report the results of a simulation exercise to test the new refund arrangements which will come into place once SVAT is repealed.
moreIRD report on simulation of new VAT refund arrangements: “Not met, implemented with delay on July 18, 2025” (p.98; also p.78).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
-
Treasury FX guarantees at LKR 1,275 Bn by June 2025
Treasury FX guarantees at LKR 1,275 Bn by June 2025.
moreTreasury FX guarantees (ceiling): “Met” at Jun-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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Treasury guarantees at LKR 2,100 Bn by June 2025
Treasury guarantees at LKR 2,100 Bn by June 2025.
moreTreasury guarantees (ceiling): “Met” at Jun-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) at LKR 0 Bn by June 2025
Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) at LKR 0 Bn by June 2025.
moreCost of non-commercial obligations (NCOs) for fuel and electricity (ceiling): “Met” at Jun-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
-
CBSL purchases of government securities in the primary market at LKR 0 Bn by June 2025
CBSL purchases of government securities in the primary market at LKR 0 Bn by June 2025.
moreCBSL purchases of government securities in the primary market: “Met” at Jun-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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New external payment arrears by the nonfinancial public sector and the CBSL at USD 0 MN by June 2025
New external payment arrears by the nonfinancial public sector and the CBSL at USD 0 MN by June 2025.
moreNew external payment arrears (continuous PC, ceiling): “Met” at Jun-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
-
Central government tax revenue at LKR 1,650 Bn by June 2025
Central government tax revenue at LKR 1,650 Bn by June 2025.
moreCentral government tax revenue (floor): “Met” at Jun-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
-
Net credit to the government of the CBSL at LKR 2,560 Bn by June 2025
Net credit to the government of the CBSL at LKR 2,560 Bn by June 2025.
moreNet credit to the government of the CBSL (ceiling): “Met” at Jun-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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Program net official international reserves at USD -595 MN by June 2025
Program net official international reserves at USD -595 MN by June 2025.
moreProgram net official international reserves (floor): “Met” at Jun-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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Central government primary balance at LKR 130 Bn by June 2025
Central government primary balance at LKR 130 Bn by June 2025.
moreCentral government primary balance (floor): “Met” at Jun-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Jun-25
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Set electricity tariffs at cost recovery with quarterly formula-based adjustments
Maintain cost-recovery level of the end-user electricity tariff schedule (overall across different types of final consumers) with quarterly formula-based adjustments, on a forward-looking basis in January, April, July and October each year (effective from January 1, April 1, July 1, and October 1 respectively); the CEB submits tariff revision requests to the Public Utility Commission of Sri Lanka by end-October (for January tariff revisions), end-January (for April tariff revisions), end-April (for July tariff revisions) and end-July (for October tariff revisions); compensate the electricity sector for providing any residual subsidies with on-budget transfers; and use tariff surcharges in the interim, in case CEB is making losses.
moreForward-looking cost-recovery electricity pricing “restored… in June 2025” and preserved with the October 2025 tariff announcement (p.83).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Jul-25
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Finalise SOB board selections and submit to CBSL for fit-and-proper assessment
MoF to conclude the selection of members of the Board of Directors of SOBs and submit to CBSL for fitness and propriety assessment to: (i) ensure the boards have not less than nine and not more than thirteen members, and (ii) that independent directors comprise the majority of the total number of directors of each SOB board.
moreMOF to conclude selection of SOB boards and submit to CBSL: “Met” (p.98); “The MOF concluded the selection of members of the Board of Directors of SOBs by July 2025 (SB)” (p.89).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Jul-25
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Restore cost recovery electricity pricing
Restore cost recovery electricity pricing.
more“We restored forward-looking cost-recovery electricity pricing in June 2025, and we preserved it with the October 2025 tariff announcement” (p.83).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Jul-25
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Amend BSTA guidelines to make tariff adjustments automatic and binding
Amend BSTA guidelines, in line with the MEFP, to ensure the BSTA tariff adjustments are automatic and binding.
moreCompleted Prior Action (p.84).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Jul-25
-
Report quarterly tax compliance KPIs
Track and report the updated quarterly KPIs of tax compliance (Annex I).
moreQuarterly KPIs of tax compliance — “Met for end-August, end-November 2025, and end-February” (p.98).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Aug-25
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Submit revisions to SDP Act to tighten and time-limit incentives
Submission to parliament of revisions of the SDP Act, with IMF technical assistance, that introduce transparent, rules-based eligibility criteria, to increase the effectiveness of granted tax expenditures, and to limit the duration for which incentives can be granted.
moreSubmission of SDP Act revisions: “Not met, implemented with delay on November 11, 2025” (p.100); amendments submitted, regulations published in the gazette (p.91).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Aug-25
-
Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) at LKR 0 Bn by September 2025
Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) at LKR 0 Bn by September 2025.
moreCost of non-commercial obligations (NCOs) for fuel and electricity (ceiling): “Met” at Sep-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
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Produce a report on the compliance and adoption rate of the enhanced asset declaration
We will also produce a report on the compliance and adoption rate of the enhanced asset declaration by senior officials by end- September.
more“We reported on the compliance and adoption rate of the enhanced ADs by senior officials for the 2025 asset declarations” (p.91).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
-
Cabinet approval of revenue measures for 2026 fiscal consolidation
Cabinet approval of revenue measures requiring legislative amendments to support fiscal consolidation during 2026, in line with programme parameters.
moreCabinet approval of revenue measures for 2026: “Not met, implemented with delay on November 7, 2025” (p.98).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
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Abolish SVAT
Abolish the SVAT system.
moreAbolish the SVAT system: “Met” (p.98); “On September 30, 2025, we repealed the SVAT system” (p.78).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
-
Treasury FX guarantees at LKR 1,275 Bn by September 2025
Treasury FX guarantees at LKR 1,275 Bn by September 2025.
moreTreasury FX guarantees (ceiling): “Met” at Sep-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
-
Treasury guarantees at LKR 2,100 Bn by September 2025
Treasury guarantees at LKR 2,100 Bn by September 2025.
moreTreasury guarantees (ceiling): “Met” at Sep-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
-
Identified stock of expenditure arrears of the central government at LKR 126 Bn by September 2025
Identified stock of expenditure arrears of the central government at LKR 126 Bn by September 2025.
moreIdentified stock of expenditure arrears IT (ceiling): “Met” at Sep-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
-
CBSL purchases of government securities in the primary market at LKR 0 Bn by September 2025
CBSL purchases of government securities in the primary market at LKR 0 Bn by September 2025.
moreCBSL purchases of government securities in the primary market: “Met” at Sep-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
-
New external payment arrears by the nonfinancial public sector and the CBSL at USD 0 MN by September 2025
New external payment arrears by the nonfinancial public sector and the CBSL at USD 0 MN by September 2025.
moreNew external payment arrears (continuous PC, ceiling): “Met” at Sep-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
-
New expenditure arrears of the central government at LKR 0 Bn by September 2025
New expenditure arrears of the central government at LKR 0 Bn by September 2025.
moreNew expenditure arrears of the central government (ceiling): “Met” at Sep-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
-
Central government tax revenue at LKR 2,750 Bn by September 2025
Central government tax revenue at LKR 2,750 Bn by September 2025.
moreCentral government tax revenue (floor): “Met” at Sep-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
-
Net credit to the government of the CBSL at LKR 2,560 Bn by September 2025
Net credit to the government of the CBSL at LKR 2,560 Bn by September 2025.
moreNet credit to the government of the CBSL (ceiling): “Met” at Sep-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
-
Program net official international reserves at USD -233 MN by September 2025
Program net official international reserves at USD -233 MN by September 2025.
moreProgram net official international reserves (floor): “Met” at Sep-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
-
Central government primary balance at LKR 300 Bn by September 2025
Central government primary balance at LKR 300 Bn by September 2025.
moreCentral government primary balance (floor): “Met” at Sep-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Sep-25
-
Set electricity tariffs at cost recovery with quarterly formula-based adjustments
Maintain cost-recovery level of the end-user electricity tariff schedule (overall across different types of final consumers) with quarterly formula-based adjustments, on a forward-looking basis in January, April, July and October each year (effective from January 1, April 1, July 1, and October 1 respectively); the CEB submits tariff revision requests to the Public Utility Commission of Sri Lanka by end-October (for January tariff revisions), end-January (for April tariff revisions), end-April (for July tariff revisions) and end-July (for October tariff revisions); compensate the electricity sector for providing any residual subsidies with on-budget transfers; and use tariff surcharges in the interim, in case CEB is making losses.
moreCost-recovery electricity pricing was restored in June 2025 and “preserved… with the October 2025 tariff announcement” (p.83).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Oct-25
-
Submit Port City Act amendments to tighten and time-limit incentives
Submission to Parliament of amendments to the Port City Act, based on IMF technical assistance, that introduce transparent, rules-based eligibility criteria, to increase the effectiveness of granted tax exemptions, and to limit the duration for which incentives can be granted.
morePort City Act amendments submitted; “Both the SDP and Port City regulations have been published in the gazette” (p.91).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Oct-25
-
Submit 2026 Appropriation Bill for first reading
Submission to parliament for the first reading of the 2026 Appropriation Bill that is in line with programme parameters.
moreSubmission to parliament for the first reading of the 2026 Appropriation Bill: “Met” (p.98); “The first reading of the 2026 Appropriation Bill was in line with the pre-cyclone program parameters” (p.77).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Oct-25
-
Submit to parliament a legislation clarifying Customs authority over SEZ goods
Submission to Parliament of legislation ensuring the Customs Department has a clear and unfettered responsibility for the clearance, movement, and control of goods to and from special economic zones (SEZ).
moreCustoms legislation for SEZ goods: “Not met, but the objective was achieved through an MOU between BOI and Customs in November 2025” (p.101; p.92).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Oct-25
-
Publish a tax expenditure statement
Publish the improved annual tax expenditure statement incorporating recommendations from IMF technical assistance by November 2025.
more“We published the improved annual tax expenditure statement incorporating recommendations from IMF TA in November 2025” (p.91).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Nov-25
-
Review electricity tariff methodology with IMF staff
Conduct a review of the electricity tariff methodology in consultation with IMF staff.
moreConduct a review of the electricity tariff methodology in consultation with IMF staff: “Met” (p.98); methodology reviewed with IMF TA in September 2025 (p.84).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Nov-25
-
Report quarterly tax compliance KPIs
Track and report the updated quarterly KPIs of tax compliance (Annex I).
moreQuarterly KPIs of tax compliance — “Met for end-August, end-November 2025, and end-February” (p.98).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Nov-25
-
Social spending by the central government at LKR 237 Bn by December 2025
Social spending by the central government at LKR 237 Bn by December 2025.
moreSocial spending IT (floor): “Met” at Dec-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
30-Dec-25
-
Net credit to the government of the CBSL at LKR 2,560 Bn by December 2025
Net credit to the government of the CBSL at LKR 2,560 Bn by December 2025.
moreNet credit to the government of the CBSL (ceiling): “Met” at Dec-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
New expenditure arrears of the central government at LKR 0 Bn by December 2025
New expenditure arrears of the central government at LKR 0 Bn by December 2025.
moreNew expenditure arrears of the central government (ceiling): “Met” at Dec-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
Central government tax revenue at LKR 4,350 Bn by December 2025
Central government tax revenue at LKR 4,350 Bn by December 2025.
moreCentral government tax revenue (floor): “Met” at Dec-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) at LKR 0 Bn by December 2025
Cost of non-commercial obligations (NCOs) for fuel and electricity (net of government transfers) at LKR 0 Bn by December 2025.
moreCost of non-commercial obligations (NCOs) for fuel and electricity (ceiling): “Met” at Dec-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
Treasury FX guarantees at LKR 1,275 Bn by December 2025
Treasury FX guarantees at LKR 1,275 Bn by December 2025.
moreTreasury FX guarantees (ceiling): “Met” at Dec-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
Identified stock of expenditure arrears of the central government at LKR 56 Bn by December 2025
Identified stock of expenditure arrears of the central government at LKR 56 Bn by December 2025.
moreIdentified stock of expenditure arrears IT (ceiling): “Met” at Dec-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
Treasury guarantees at LKR 2,100 Bn by December 2025
Treasury guarantees at LKR 2,100 Bn by December 2025.
moreTreasury guarantees (ceiling): “Met” at Dec-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
CBSL purchases of government securities in the primary market at LKR 0 Bn by December 2025
CBSL purchases of government securities in the primary market at LKR 0 Bn by December 2025.
moreCBSL purchases of government securities in the primary market: “Met” at Dec-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
Year-on-year inflation in Colombo CPI: outer band 2.0%–8.0%, inner band 3.5%–6.5%, centre point 5.0% by December 2025
Year-on-year inflation in Colombo CPI: outer band 2.0%–8.0%, inner band 3.5%–6.5%, centre point 5.0% by December 2025.
moreMPCC, inflation: “Met” at Dec-25 (“assessed as met as inflation is within the outer bands of the MPCC”) (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
Program net official international reserves at USD 448 MN by December 2025
Program net official international reserves at USD 448 MN by December 2025.
moreProgram net official international reserves (floor): “Met” at Dec-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
Central government primary balance at LKR 730 Bn by December 2025
Central government primary balance at LKR 730 Bn by December 2025.
moreCentral government primary balance (floor): “Met” at Dec-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
Approve 2026 Appropriation Act in line with programme parameters
Parliamentary approval of the 2026 Appropriation Act and the spending allocations in line with programme parameters.
moreParliamentary approval of the 2026 Appropriation Act: “Not met” (p.99); the 6 unmet SBs include adopting a 2026 Budget consistent with program parameters, as authorities approved a supplement to address the cyclone (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
Publish semi-annual transparency disclosures on procurement and tax exemptions
Publish on a semi-annual basis on a designated website (i) all public procurement contract above Rs. 1 billion, along with comprehensive information in a searchable format on contract award winners; (ii) a list of all firms receiving tax exemptions through the Board of Investments, the SDP and Port City, and an estimation of the value of these tax exemptions; and (iii) a list of firms receiving tax exemptions on luxury vehicle import.
moreSemi-annual publication of procurement contracts and tax-exemption lists: “Met for end-June and end-December 2025” (p.100).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
Ensure PDMO is operational
Our newly established Public Debt Management Office (PDMO) will be fully operational by end-December 2025.
more
நிறைவேற்றப்பட்டது
31-Dec-25
-
Take steps to appoint an expert committee to review all materials pertaining to the conduct of judicial officers
We will also take steps to appoint an expert committee to collate and review all existing circulars, provisions, and other materials pertaining to the disciplinary control and conduct of judicial officers by end-2025.
more“The first draft of the code of conduct covering the performance and disciplinary control of judicial officers will be ready by 2027Q1” (p.91).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Dec-25
-
Amend PUCSL Act to require quarterly reporting on cost-recovery electricity pricing
Amend PUCSL Act to mandate PUCSL to submit to parliament quarterly reports on maintaining cost recovery electricity pricing and publish the reports.
moreAmend the PUCSL Act for quarterly cost-recovery reporting: “Not met, but the objective was achieved through amendments to PUCSL Rules in January 2026” (p.98).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
31-Jan-26
-
Report quarterly tax compliance KPIs
Track and report the updated quarterly KPIs of tax compliance (Annex I).
moreQuarterly KPIs of tax compliance — “Met for end-August, end-November 2025, and end-February” (p.98).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்பட்டது
28-Feb-26
-
Year-on-year inflation in Colombo CPI: outer band 2.0%–8.0%, inner band 3.5%–6.5%, centre point 5.0% by June 2025
Year-on-year inflation in Colombo CPI: outer band 2.0%–8.0%, inner band 3.5%–6.5%, centre point 5.0% by June 2025.
moreMPCC, y/y CCPI inflation: “Not met” at Jun-25 (assessed at the Fourth Review) (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
30-Jun-25
-
Stock of expenditure arrears of the central government at LKR 0 Bn by June 2025
Stock of expenditure arrears of the central government at LKR 0 Bn by June 2025.
moreNew expenditure arrears QPC was n.a. at Jun-25 (introduced from Jul-1-2025); arrears identified at the Fourth Review “have been cleared. No new expenditure arrears were incurred in 2025H2” (p.10).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
30-Jun-25
-
Ensure that all 52 major SOEs publish their audited financial statements by end-June of the following year
Ensure that all 52 major SOEs publish their audited financial statements by end-June of the following year.
moreOf 52 major SOEs, “We have published the 2024 audited statements of 45 SOEs… The financial statements of 12 SOEs have not been completed. Another 6 SOEs’ are yet to submit” — i.e. not all 52 published (p.85).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
30-Jun-25
-
Social spending by the central government at LKR 114 Bn by June 2025
Social spending by the central government at LKR 114 Bn by June 2025.
moreSocial spending IT (floor): “Not Met” at Jun-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
30-Jun-25
-
Enact a public procurement law
We will enact a Public Procurement Law by July 2025.
more“We will enact a Public Procurement Law in 2026” — not yet enacted (p.92).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
31-Jul-25
-
Enact the Public Asset Management Bill
Enact the Public Asset Management Bill with a view to improve the transparency, management, and disposal of all public assets by July 2025.
more“We will submit to Parliament the Public Asset Management Bill… by December 2026” — not yet enacted (p.92).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
31-Jul-25
-
Year-on-year inflation in Colombo CPI: outer band 2.0%–8.0%, inner band 3.5%–6.5%, centre point 5.0% by September 2025
Year-on-year inflation in Colombo CPI: outer band 2.0%–8.0%, inner band 3.5%–6.5%, centre point 5.0% by September 2025.
moreMPCC, y/y CCPI inflation: “Not met” at Sep-25 (p.11).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
30-Sep-25
-
Social spending by the central government at LKR 167 Bn by September 2025
Social spending by the central government at LKR 167 Bn by September 2025.
moreSocial spending IT (floor): “Not met” at Sep-25 (p.11); IT met at end-Dec after “narrowly missing it at end-June and end-September due to administrative delays in onboarding Aswesuma second-round beneficiaries” (p.10).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
30-Sep-25
-
Submit the amended Finance Business Act to parliament
The amended bill on Finance Business Act is expected to be submitted to the Parliament by end-September 2025.
moreFBA amendments “have been referred to the Ministry of Finance… in early March 2026, seeking the approval of the Cabinet of Ministers” — still awaits Parliamentary approval (p.90).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
30-Sep-25
-
Submit to Cabinet the proposed criteria for allocating rights to public assets
We will submit to Cabinet by end- September 2025 the proposed criteria for allocating rights to public assets, with clear requirements for transparency, competition, and information provision to the public and a timeline to bring existing laws and regulations in compliance with the policy.
moreA taskforce “will submit their recommendations to Cabinet… by end-December 2025” — does not record a Cabinet decision adopted (p.92).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
30-Sep-25
-
Conclude signing agreements with remaining OCC members and other bilaterals
We are working on finalizing the remaining OCC bilateral agreements and reaching agreements with the remaining creditors with a view to conclude these processes in 2025.
more“only US$0.3 billion remains to be restructured… additional bilateral agreements have been signed with Australia, Belgium, Denmark, Germany, and Korea… expected to conclude in 2026” — not all concluded (p.84).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
31-Dec-25
-
Enact the SOE Law
We plan to enact the SOE law by end-2025.
more“We will submit to Parliament a new SOE Bill” — not yet enacted (p.85).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
31-Dec-25
-
New external payment arrears by the nonfinancial public sector and the CBSL at USD 0 MN by December 2025
New external payment arrears by the nonfinancial public sector and the CBSL at USD 0 MN by December 2025.
moreNew external payment arrears (continuous PC): “Not Met” at Dec-25; a cybercrime incident led to a missed US$2.5m bilateral debt-service payment to Australia and nonobservance of the continuous PC (p.11; p.10).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
31-Dec-25
-
Fully rollout competitive bidding for the procurement of goods by end-December 2025
Begin pilot of national and international competitive bidding for the procurement of goods and works under the digital platform in September 2025 and a full roll out by end-December 2025.
more“The development of the e-procurement (e-GP) system has been delayed, with a full rollout now expected by December 2028… appointing a new vendor… through a competitive bidding process, which will conclude by August 2026” (p.92).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
31-Dec-25
-
Publish a PFM Refrom strategy and action plan
In addition, we will prepare and publish a medium-term PFM Reform Strategy and Action Plan by end-December 2025.
more“We will publish by end-June 2026, a medium-term PFM Reform Strategy and Action Plan” — not yet published (p.81).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
31-Dec-25
-
Adopt PFM Act implementing regulations
Adopt implementing regulations under the Public Financial Management Act (PFM).
moreAdopt implementing regulations under the PFM Act: “Not met” (p.98); regulations to be adopted by end-July 2026 (p.81).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
31-Dec-25
-
Set electricity tariffs at cost recovery with quarterly formula-based adjustments
Maintain cost-recovery level of the end-user electricity tariff schedule (overall across different types of final consumers) with quarterly formula-based adjustments, on a forward-looking basis in January, April, July and October each year (effective from January 1, April 1, July 1, and October 1 respectively); the CEB submits tariff revision requests to the Public Utility Commission of Sri Lanka by end-October (for January tariff revisions), end-January (for April tariff revisions), end-April (for July tariff revisions) and end-July (for October tariff revisions); compensate the electricity sector for providing any residual subsidies with on-budget transfers; and use tariff surcharges in the interim, in case CEB is making losses.
more“cost-recovery pricing was breached once again since January due to delays in the submission of information by CEB to PUCSL” (p.83); “Not met since January 2026” (p.97).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
31-Jan-26
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Set fuel prices at cost recovery with monthly formula
Set retail fuel prices to their cost-recovery levels with monthly formula-based adjustments, and compensate the CPC for providing any fuel subsidies with on-budget transfers.
moreSet retail fuel prices to cost-recovery: “Not Met in April 2026. Note: It was also breached in December 2025 but restored in January 2026” (p.97).
Source: https://www.imf.org/en/publications/cr/issues/2025/07/02/sri-lanka-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568271
நிறைவேற்றப்படாத
28-Feb-26
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Annual Update on the Governance Action Plan
We remain committed to advancing governance and anti-corruption reforms as a central pillar of our program. Our Government Action Plan will be updated and published annually, and its implementation will be assessed quarterly.
moreNo publicly available updated governance action plan.
நிறைவேற்றப்படாத
28-Feb-26
