Sri Lanka, Sept. 16 -- Sri Lanka's capital expenditure for 2027 is expected to be around Rs. 2 trillion, with the government working to accelerate procurement and approval procedures so that public investment projects can be implemented earlier, Cabinet Spokesman and Minister Nalinda Jayatissa said.

Sri Lanka has historically struggled to fully utilize its capital expenditure allocations, largely due to delays in procurement and approvals by line ministries.

Finance Ministry officials said the country had spent only 17.4% of its total capital expenditure allocation of Rs. 1.38 trillion by mid-June this year.

The continued underutilization of capital spending has been linked by analysts and economists to structural weaknesses in public ...