Minister Jayatissa says 2027 budget allocates Rs. 2,000 billion for economic growth
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Minister Dr. Nalintha Jayatissa announced on 10 November 2026 that the 2027 budget will allocate Rs. 2,000 billion for development to achieve high economic growth over the next three years.
Speaking at a cabinet briefing, Jayatissa said the President is scheduled to present the budget on 12 November.
Jayatissa stated that tax relief will be granted to certain sectors, though the government will not remove all taxes given global economic conditions. Allowances in some sectors will also increase.
Government employees will receive a salary increment in January, alongside basic salary increases across April 2025, January 2026, and January 2027.
Jayatissa noted that the economy reached stability despite spending Rs. 98 billion on fuel subsidies and allocating Rs. 500 billion for 'Ditwa' relief in the current year.
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අයවැයෙන් හිමිවන සහන ගැන ඇමති නලින්දගෙන් ඉඟියක්
How the story developed
- EසිதPresident Dissanayake reviewed the final budget draft, citing financial discipline despite recent disaster and crisis challenges.
- EPresident Dissanayake prepared to present the budget while highlighting rising indirect tax revenue trends.
- EසිதPresident Dissanayake set the total 2027 expenditure at 4,992.77 billion rupees for the upcoming budget.
- සිThe government shifted its policy focus from economic stabilization toward growth for the 2027 budget.
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