The Cabinet of Ministers has approved the proposals of the 2027 Budget, which is scheduled to be presented to Parliament today (12) by President Anura Kumara Dissanayake in his capacity as the Minister of Finance, Planning and Economic Development.
During his Budget speech, the President is expected to outline the Government’s revenue projections, fiscal plans and proposed tax amendments for the coming year.
Following the presentation, the Second Reading debate on the Budget will be held over seven days, from November 13 to 20. The vote on the Second Reading is scheduled for 6.00 p.m. on November 20.
The Committee Stage debate on the Appropriation Bill will subsequently take place over 19 days, from November 21 to December 14. The vote on the Third Reading of the Budget is scheduled for 6.00 p.m. on December 14.
During the Second Reading debate, 60 per cent of the allocated time will be given to the Government, while the Opposition will receive 40 per cent. However, during the Committee Stage debate, the Government will receive 40 per cent of the debate time, while the Opposition will be allocated 60 per cent.
Meanwhile, President Anura Kumara Dissanayake reviewed the final document containing the 2027 Budget proposals at the Presidential Secretariat yesterday (11). Secretary to the Ministry of Finance, Planning and Economic Development, Dr. Harshana Suriyapperuma, was also present.
According to the President’s Media Division, the Government has made significant progress across several key sectors of the economy despite facing domestic and external challenges, including the Ditwah disaster and the ongoing crisis in the Middle East.
The Government attributes this progress to sound economic management and strict fiscal discipline.
The 2027 Budget is expected to mark a shift from the Government’s focus on economic stabilisation towards economic expansion and transformative development.
