2027 Budget targets faster growth with Rs. 2 trillion capital spending

President Anura Kumara Dissanayake will present the 2027 Budget to Parliament at 1.30 p.m. today, with the Government allocating Rs. 2,000 billion for capital expenditure as it shifts its focus from economic stabilisation to faster growth and structural development.

Dissanayake, in his capacity as Finance Minister, will deliver the Budget Speech as the Second Reading of the Appropriation Bill for 2027. It will be Sri Lanka’s 81st Budget.

Deputy Minister of Economic Development Nishantha Jayaweera said the Government’s main objective, after stabilising the economy, was to accelerate economic growth while ensuring that its benefits were distributed fairly.

He said the Budget would go beyond the annual management of State revenue and expenditure and serve as a broader policy framework for the country’s future economic development.

The Budget is expected to focus on strengthening domestic production, expanding investment opportunities, increasing export earnings, creating employment and improving productivity.

Jayaweera said the economic objectives set through the 2025 and 2026 Budgets had been achieved beyond expectations.

The Appropriation Bill for 2027 was presented to Parliament for its First Reading on October 7.

The Second Reading debate will be held over seven days from November 13 to 20, with the vote scheduled for 6 p.m. on November 20.

The Committee Stage debate will run for 19 days from November 21 to December 14, including four Saturdays. The vote on the Third Reading is scheduled for 6 p.m. on December 14.

In total, the Budget debate will be conducted over 26 days.