• The President announced that the liberalization of motor vehicle imports, effective from 1st February 2025, is expected to be a major contributor to Sri Lanka's revenue growth for the year 2025.

  • The government will not pursue the Imputed Rental Income Tax, which was agreed upon by the previous administration.

  • Introduction of Point-of-Sale (POS) machines across VAT-registered businesses to promote digital transactions, reduce cash dependency, and enhance tax transparency.

  • The President outlined that the government aims to meet a revenue target of 15.1% of GDP in 2025 through tax reforms and digitalization of the tax system.

  • Pension hikes for retirees before 01 January 2020 will be implemented in three phases.

  • Daily wages for plantation workers will be increased to Rs. 1,700.

  • Employers’ Associations have agreed to raise the private sector minimum wage from Rs. 21,000 to Rs. 27,000 in April 2025, with further increases planned for 2026.

  • The basic salary for public sector employees will rise from Rs. 24,250 to Rs. 40,000 in three phases.

  • Recruitment, promotions, and transfers in the public service will be based on qualifications and skills, and Rs. 10,000 million will be allocated to fill essential vacancies.

  • Rs. 1,000 million allocated for the renovation of low-income housing schemes and Rs. 1,500 million for resettlement programs.

  • A new cultural festival will be launched in December to boost tourism, with private sector assistance.

  • Rs. 640 million allocated to improve electric fencing and provide compensation for victims of elephant-human conflicts.

  • Rs. 5,000 million will be invested in the Clean Sri Lanka initiative.

  • Rs. 3,000 million allocated to procure 100 low-floor buses, and Rs. 500 million for the rehabilitation of old railway coaches.

  • Rs. 20 billion will be allocated for debt settlement, with SriLankan Airlines to handle future profitability.

  • Rs. 15 billion allocated for higher interest rates for senior citizens, with an additional 3% annual interest on fixed deposits.

  • Rs. 1,000 million allocated to supply dry rations during the April festive season.

  • Rs. 250 million will be allocated to expand awareness and counselling services for young people, especially to address suicide rates.

  • Compensation for victims of natural disasters will be increased from Rs. 250,000 to Rs. 1 million.

  • Monthly allowances for kidney patients will be raised from Rs. 7,500 to Rs. 10,000, and senior citizen allowances will also rise.

  • Rs. 2,500 million for the dairy sector, and Rs. 500 million to cultivate coconut in the Northern Coconut Triangle.

  • Rs. 232.5 billion allocated for social welfare programs.

  • Collaboration with international partners to develop 61 oil storage tanks in Trincomalee for international fuel market access.

  • The government will amend the Paddy Marketing Board Act, with Rs. 5000 million allocated for purchasing paddy during the Maha season.

  • Proposed Sri Lanka Electricity (Amendment) Act to be introduced.

  • Increase in allowances for Grade 5 Scholarship students and Mahapola Scholarships, with Rs. 135 billion allocated for university development.

  • Rs. 604 billion allocated for healthcare in 2025, with additional funds for children’s healthcare and the purchase of medical equipment.

  • Rs. 1,000 million for school infrastructure and Rs. 500 million for reviewing the school system.

  • Parliamentarians will not receive vehicles or vehicle permits this year due to lack of allocated funds.

  • All luxury vehicles owned by the government will be auctioned in March 2025.

  • The President emphasized a commitment to preventing corruption, pledging that anyone involved in bribery should be afraid of the consequences.

  • The President announces the establishment of a State Development Bank to support Small and Medium-scale Enterprises (SMEs) under the current state banking system.
  • Rs. 500 million allocated for the development of cultural and historic destinations like Anuradhapura and Yapahuwa. A digital ticket system will also be introduced for tourist attractions.
  • The Digital ID initiative will be a cornerstone of the country's economic digital development. New laws will be introduced to ensure data privacy and security.
  • Rs. 3000 million allocated for digital development and the establishment of a Digital Economic Authority to facilitate the shift towards a cashless economy.
  • Rs. 750 million allocated for a national quality management system to address port congestion and improve efficiency.
  • Rs. 1,000 million allocated for upgrading scanning services at Colombo Port and Bandaranaike International Airport.
  • Government-owned lands will be leased for productive economic use to boost the economy.
  • Economic zones will be established to attract investment, with changes to the Economic Transformation Act to encourage new investors.
  • A new National Tariff Policy will be introduced
  • The government plans to introduce a new Customs Act by amending existing legislation.
  • The 2025-2029 National Export Development Plan will be launched, with a focus on Economic Diplomacy.
  • Projected goods and services exports to reach US$19 billion in 2025, contributing to economic growth.
  • The government is preparing to resume debt repayments by 2028, focusing on transforming the economy.
  • Emphasis on prudent and responsible management of limited tax funds.
  • Highest ever allocation for education and health sectors, with 4% of GDP set for capital expenditure. Funds will also be directed to Senior Citizen interests.
  • Financial allocations prioritized in the 2025 Budget to ensure economic stability and public benefit.
  • A 5% Economic Growth target for 2025.
  • Foreign reserves maintained at USD 6.1 billion by end of 2024, despite servicing USD 570 million debt during debt restructuring.
  • Presentation of the 2025 Appropriation Bill, with total estimated government expenditure set at Rs. 4,218 billion for the year.