Sri Lanka’s parliament panel discusses new Procurement Act amid slow public fund utilization

EconomyNext · 10/22/2026, 7:26:00 AM

ECONOMYNEXT – Sri Lanka Parliament’s Committee on Public Finance (COPF) this week discussed the progress regarding the drafting of a new Procurement Act, the legislature said in a statement, amid slow utilization of public investments despite record capital expenditure allocation this year. Sri Lanka has only used around Rs. 385 billion of the allocated Rs. […]