Srilanka, Feb. 21 -- The government is optimistic about achieving its revenue targets under the tax reforms introduced in the 2024 Budget, provided the economy expands beyond projections set by the International Monetary Fund (IMF), Senior Economic Advisor to the President, Duminda Hulangamuwa, said.

He emphasised that the government aims to meet fiscal parameters through overall economic growth and increased revenue from vehicle imports, rather than adjusting tax rates.

"We don't want a situation where we lower duties, leading to excessive imports by June, only to halt them in July. That would disrupt industries and their investments. Instead, we will monitor the situation closely to balance foreign currency outflows with revenue gene...