Government signals capital market push and Rs. 2 trillion capital spending for 2027
Summarised by AI from 7 articles
Speaking at an industry forum on 27 October 2026, Finance and Planning Deputy Minister Dr. Anil Jayantha Fernando announced that the 2027 Budget, scheduled for 12 November 2026, will feature proposals to boost Sri Lanka’s capital market.
The Finance Ministry has accepted most of the 12 development proposals submitted by the Securities and Exchange Commission of Sri Lanka (SEC). Additionally, the government expects to allocate Rs. 2 trillion for capital expenditure to foster investment.
Fernando noted that reforms aim to transition the economy from stabilisation to transformation, resolve domestic savings gaps, and counter public distrust caused by past market manipulation. CSE demutualisation next year and tax concessions for listings are also being considered.
SEC Chairman Senior Professor Hareendra Dissabandara urged capital market expansion to finance long-term investment, stating that growth must reach 7% to 9% to support national development.
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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.
