- Last Update 2025-10-27 17:59:00
Budget to put brakes on duty-free vehicles
Treasury official says move to suspend facility offered to public servants is linked to $7 billion foreign reserve target
By Damith Wickremasekara
The duty-free vehicle permits issued for public sector senior officials are unlikely to be revived in the upcoming budget, the Sunday Times learns.
Already permits for some 23,000 officials have been held back, while more officers are becoming eligible for the facility.
The Sunday Times learns that the government was considering holding back the facility as part of its measures to achieve the US$7 billion foreign reserve target by the end of the year—a goal set by the International Monetary
Fund (IMF).
Read more in today's Sunday Times here
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