Sri Lanka's 2027 budget expenditure rises 12.6% to Rs 4.99 trillion; capex up 24.7%
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Sri Lanka's total government expenditure for 2027 is set to expand 12.6% year-on-year to Rs 4.993 trillion, up from Rs 4.434 trillion in 2026, according to an analysis of the Appropriation Bill 2027 by tax consultancy Ernst & Young (EY) Sri Lanka.
Capital expenditure is projected to surge 24.7% to Rs 1.753 trillion from Rs 1.406 trillion, while recurrent expenditure grows a moderate 7.0% to Rs 3.240 trillion from Rs 3.029 trillion. The government's overall borrowing limit stays constant at Rs 3.8 trillion.
The Ministry of Finance, Planning & Economic Development sees its allocation rise 35% to Rs 856.9 billion. The steepest sectoral increase is Rural Development & Social Security, leaping 107% to Rs 79.8 billion, followed by Digital Economy, up 63% to Rs 26.0 billion. Public Administration gets Rs 651.0 billion, Health Rs 590.5 billion, Transport Rs 500.0 billion, and Education Rs 328.0 billion.
The Budget Speech is scheduled for 12 November, following the Bill's First Reading on 7 October.
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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.
