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The IMF suggests lifting vehicle import restrictions as a potential revenue source for Sri Lanka, emphasizing careful management to protect foreign exchange reserves.
The IMF highlighted that lifting restrictions on vehicle imports could be a significant revenue source for Sri Lanka, aiding the government in achieving its ambitious fiscal goals for 2025, including raising revenue to 15.1% of GDP and attaining a 2.3% primary surplus. However, the IMF cautioned that such measures must be managed prudently to avoid excessive pressure on foreign exchange reserves.
