Although the third review of the International Monetary Fund’s loan program has been approved by staff level, it is reported that the fourth loan tranche will be delayed until after the 2025 budget is presented.
Accordingly, the next loan tranche is scheduled to be delayed by a few more months until March next year.
This is because the approval of the IMF’s Management Board and Executive Board will be given after the presentation of next year’s budget.
Also, the IMF’s preconditions for that budget must be met, and Sri Lanka must implement prior measures, including the presentation of the next budget in line with the objectives of the IMF program.
Accordingly, political sources say that there is a high possibility that property tax will be introduced as a new tax.