Sri Lanka's government has decided to lift import restrictions on 300 more items next week, State Minister of Finance Ranjith Siyambalapitiya said on Wednesday.

Siyambalapitiya said in a tweet that the government already relaxed import restrictions on 300 other items on June 9, adding that import restrictions on vehicles are unlikely to be lifted anytime soon.

Speaking to the media last week, Governor of the Central Bank Nandalal Weerasinghe said imports have stabilized at around 1.4 billion dollars a month, with exports standing at around 1 billion dollars.

"There is a gap of about 400 million dollars between the two. We can fill the gap with our worker remittances and tourism. There can be a balance," he said.

The Sri Lankan government restricted the import of 1,465 items in August 2022 but lifted restrictions on most of those items on several separate occasions.