Deputy Minister Nishantha Jayaweera announces record Rs. 2 trillion capital expenditure budget
Summarised by AI from 4 articles
Deputy Minister of Economic Development Nishantha Jayaweera announced in Parliament on 21 October 2026 that the government will allocate a record Rs. 2 trillion for capital expenditure in the upcoming budget.
Speaking during a debate under the Public Debt Management Act, Jayaweera stated this historic allocation would develop infrastructure to support micro, small, and medium-sized enterprises. Daily News identified the allocation as part of the 2027 budget.
Additionally, over Rs. 81 billion of a Rs. 95 billion enterprise support package allocated in 2026 has already been disbursed. Two Asian Development Bank programs totaling $170 million will also provide targeted business loans over three years.
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How the story developed
- සිPresident Dissanayake proposed a digital transformation authority, an AI center, and student broadband internet vouchers.
- සිPresident Dissanayake allocated 200 million rupees for a Katunayake Airport flyover to support re-exportation centers.
- தHarsha de Silva criticized the budget for lacking structural change and maintaining previous expenditure levels.
- සිOpposition Leader Sajith Premadasa accused the government of concealing economic data and manipulating budget figures.
