The Sri Lanka Budget 2027 is being presented in Parliament today, November 12, 2026, by President Anura Kumara Dissanayake in his capacity as Minister of Finance, Planning and Economic Development.
This is the Budget Speech, being the Second Reading of the Appropriation Bill for the 2027 financial year, which details the Government’s intended expenditure, investment objectives, taxation policies, economic initiatives and other fiscal plans for the next year.
This site sets up the essential statistics confirmed, the significant allocations and the important topics to watch out for during the live presentation of the Sri Lanka Budget 2027. Other proposals announced in the speech can be added as they are formally confirmed
Sri Lanka Budget 2027 – Key Details
| Budget | Sri Lanka Budget 2027 |
| Budget Speech | November 12, 2026 |
| Presented By | President Anura Kumara Dissanayake |
| Government Service Expenditure | Rs. 4,992.77 Billion |
| Capital Allocation | Rs. 2,000 Billion |
| Second Reading Vote | November 20, 2026 |
| Final Budget Vote | December 14, 2026 |
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Sri Lanka Budget 2027 Presented in Parliament
The 2027 Budget is the Government’s proposal for spending for the fiscal year January 1 to December 31, 2027.
The Appropriation Bill was introduced in Parliament on 7 October 2026 and taken up for Second Reading and Budget Speech on 12 November.
The Appropriation Bill provides an estimate of expenditure on Government services of about Rs. 4,992.77 billion.
Rs. 2 Trillion Capital Allocation
A big focus ahead of the Budget presentation is an allocation of almost Rs. 2,000 billion for capital investment.
The government said the 2027 fiscal program represents a step from the period of economic stabilization to the period of economic expansion and transformation.
Capital spending is anticipated to have a significant impact in areas including infrastructure, transport, connectivity, investment and wider economic development.
Major Ministry Allocations for 2027
The Appropriation Bill provides significant allocations to several major ministries and Government sectors.
- Finance, Planning and Economic Development: approximately Rs. 856.86 billion
- Public Administration, Provincial Councils and Local Government: approximately Rs. 651 billion
- Health and Mass Media: approximately Rs. 590.5 billion
- Transport, Highways, Ports and Civil Aviation: approximately Rs. 500 billion
- Defence: approximately Rs. 458 billion
- Education, Higher Education and Vocational Education: approximately Rs. 328 billion
- Public Security and Parliamentary Affairs: approximately Rs. 230.5 billion
- Agriculture, Livestock, Land and Irrigation: approximately Rs. 218 billion
Budget 2027 Tax Changes
The 2027 Sri Lanka Budget is likely to attract most public attention on tax policies.
Earlier, special focus was given to personal income tax and PAYE relief after raising the monthly tax free income limit from Rs. 100,000 to Rs. 150,000.
The Government had suggested before the budget announcement that more PAYE relief was being considered. However, the final decision on the exact threshold, tax bands and impact dates will have to await the official announcement in the Budget Speech and accompanying official tax documentation.
VAT and other indirect taxes are also being thoroughly examined. Any changes to VAT rates, exemptions, thresholds or the taxation of specific products and services should also be checked against the final Budget recommendations and related legislation.
Sri Lanka Budget 2027 vs Budget 2026
The 2027 Budget is being contrasted with last year’s fiscal program, especially in terms of Government revenue, taxation, public investment and spending priorities.
The 2026 Budget was adopted during a period when fiscal consolidation, revenue collection and economic stabilization remained key concerns.
The Government has signalled a greater focus on investment and economic growth in 2027, while keeping a tight rein on fiscal management.
It is crucial, while comparing the two Budgets, to compare like with like. Appropriation expenditure, total expenditure, recurring expenditure, capital expenditure and debt related expenditure may be recorded under distinct accounting categories and should not be assumed to be directly equivalent statistics.
What to Watch in Budget 2027
Key topics to watch before and after the Budget Speech are changes relating to personal income tax, PAYE, VAT, businesses, investment, Government employees, pensions, welfare schemes, education, healthcare, agriculture, transport and infrastructure development.
Businesses and individual taxpayers should also know the effective dates for any tax adjustments. A plan proposed in the Budget Speech does not necessarily come into force immediately and may have to be amended to tax laws, Gazette notices or directions of the Inland Revenue Department.
Budget Debate and Voting Dates
Following the presentation of the Budget Speech, the Second Reading debate is scheduled to take place from November 13 to November 20, 2026.
The Second Reading vote is scheduled for 6.00 p.m. on November 20.
The Committee Stage debate will then continue from November 21 to December 14, with the final Third Reading vote scheduled for 6.00 p.m. on December 14, 2026.
Watch Sri Lanka Budget 2027 Live
You can watch the Sri Lanka Budget 2027 live presentation through the link below:
Note: As the Budget Speech is being presented live, some measures may be clarified, amended or supplemented by official Budget documents, legislation and subsequent Government announcements.
Watch Live Discussion
