The 2027 Budget is expected to outline the government’s plans for taxation, public spending and economic growth as President Anura Kumara Dissanayake presents the proposals to Parliament today (12). The proposals will set out the government’s financial priorities for the coming year, with businesses, investors and taxpayers watching for changes that could affect their activities.
The Cabinet of Ministers has approved the 2027 Budget proposals ahead of the presentation. The President will deliver the Budget speech in his capacity as Minister of Finance, Planning and Economic Development.
The government is expected to present its revenue projections, fiscal plans and proposed tax amendments for 2027. These decisions will shape how the government collects revenue and allocates public funds during the year.
Government plans Rs. 2 trillion in capital spending
The 2027 Budget includes Rs. 2 trillion in capital allocations, according to the President’s Media Division. Capital spending covers investments in areas such as infrastructure, public facilities and development projects.
The government has described the Budget as a shift from economic stabilisation towards economic expansion. Its stated priorities include building on progress made in managing public finances while addressing domestic and external economic challenges.
The President’s Media Division has also referred to the impact of the Ditwah disaster and the ongoing Middle East crisis. It attributes recent economic progress to its approach to economic management and fiscal discipline.
For businesses, the Budget’s tax proposals, public investment plans and spending priorities will be important areas to watch. These decisions can influence operating costs, investment plans and demand across different sectors of the economy.
How Budget 2027 debate and voting schedule?
Following the Budget presentation, Parliament will begin the Second Reading debate on November 13. The debate will continue until November 20, with the vote scheduled for 6.00 p.m. that day.
The Committee Stage debate on the Appropriation Bill will run from November 21 to December 14. During this stage, Parliament will examine the proposed allocations and consider changes to the Bill.
The final vote on the Third Reading is scheduled for 6.00 p.m. on December 14. This vote will determine whether Parliament approves the 2027 Budget.
During the Second Reading debate, the government will receive 60% of the allocated speaking time, while the opposition will receive 40%. The allocation will change during the Committee Stage, with 60% going to the opposition and 40% to the government.
The Budget’s proposed tax changes, revenue plans and capital spending allocations will be among the key areas to follow as Parliament considers the proposals.
Budget Parliamentary Updates Presidential Affairs
Last modified: November 12, 2026
