Sri Lanka, Oct. 27 -- The Central Bank of Sri Lanka (CBSL) has expressed confidence that the country will outperform all fiscal targets set for this year, including the primary surplus, revenue, expenditure, and overall fiscal deficit, marking what it said would be a historic first.

CBSL Governor Dr. Nandalal Weerasinghe said higher vehicle imports, and the resulting tax revenue, played a significant role in helping the government meet its fiscal goals.

"As a result of the higher vehicle imports, the government was able to collect more revenue than expected. In fact, the government has outperformed its revenue target," Dr. Weerasinghe said, addressing the media during the briefing of the 'Financial Stability Review 2025'.

According to ...