Sri Lanka, Nov. 11 -- The Government has revised its procurement procedures for development projects in an effort to ensure the full utilisation of the Rs. 2,000 billion capital expenditure allocation planned for next year, Cabinet Spokesman Dr. Nalinda Jayatissa has said.

Sri Lanka has consistently struggled to utilise its full annual capital expenditure allocations, largely due to delays in project approvals, tender procedures and procurement processes.

Finance Ministry officials have indicated that the Government had spent less than 25% of the Rs. 1,340 billion capital expenditure allocation during the first nine months of this year.

Speaking at the weekly Cabinet media briefing, Dr. Jayatissa, who also serves as the Minister of Hea...