Sri Lanka 2027 Budget Totals Rs. 4.99 Trillion With Rs. 2 Trillion in Capital Spending, Presented by President Dissanayake on November 12
Sri Lankan President Anura Kumara Dissanayake, who also serves as finance minister, presented the 2027 budget to Parliament on November 12, his administration's third national budget and Sri Lanka's 81st.
The spending plan totals Rs. 4,992.77 billion and is aimed, the government said, at moving the economy from post-crisis stabilisation to structural transformation.
The budget allocates Rs. 2 trillion for public capital expenditure, described as a record level, while maintaining the borrowing limit at Rs. 3.8 trillion despite an overall spending increase of 12.6 percent.
The budget introduces Pay-As-You-Earn personal income tax concessions, expands tax brackets for middle- and high-income earners, and includes targeted subsidies for household energy costs.
A budget summary put the capital allocation at 5.12 percent of gross domestic product, including provisions for reconstruction after Cyclone Ditwah, with public revenue projected at 15.8 percent of gross domestic product in 2027.
Sri Lanka's current International Monetary Fund programme concludes in March 2027, and a dedicated committee has been established to review the potential for a subsequent agreement, according to the budget summary.
Source: Government of Sri Lanka
Published by GSM · USA (original Chinese edition)
Photo: 图：斯里兰卡科伦坡旧议会大厦建筑外观，资料图。。Rehman，CC BY-SA 4.0，经 Wikimedia Commons。 / Photo: 斯里兰卡科伦坡旧议会大厦建筑外观，资料图。 Rehman，CC BY-SA 4.0, via Wikimedia Commons.
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