By Newswire Editorial
The government’s 2027 Budget will include Rs. 2 trillion in capital allocations aimed at economic expansion and transformative development, according to the President’s Media Division (PMD).
President Anura Kumara Dissanayake reviewed the final document containing the 2027 Budget proposals at the Presidential Secretariat today (11), ahead of its presentation in Parliament tomorrow.
Secretary to the Ministry of Finance, Planning and Economic Development Harshana Suriyapperuma was also present during the review.
President Dissanayake is scheduled to present the 2027 Budget to Parliament tomorrow (12) afternoon in his capacity as Minister of Finance, Planning and Economic Development.
According to the PMD, the Budget aims to move beyond economic stabilisation, focusing on expanding the economy and promoting long-term development.
The PMD further stated that the government has achieved significant progress in several key sectors of the economy despite domestic and external challenges, including the Cyclone Ditwah disaster and the Middle East crisis.
It attributed this progress to effective economic management and strong fiscal discipline.
Meanwhile, the Second Reading Debate on the 2027 Budget is scheduled to take place from November 13 to 20, with the vote set for 6.00 p.m. on November 20.
The Committee Stage Debate will be held from November 21 to December 14, followed by the final vote on the Budget at 6.00 p.m. on December 14. (Newswire)