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• Commencing his Budget Speech, President Dissanayake said that the 2027 Budget was not prepared based on the ideas of one single person or a certain group, but with the ideas, opinions, proposals and experiences of various sectors and sections, as it is a collective effort.
• He said that the government gave proper attention to every proposal presented to it with regard to the Budget proposal.
• He further said that this Budget is designed to strengthen the country’s production economy.  
• President Anura Kumara Dissanayake says the government's objective is to manage the country's current economic challenges while laying the foundation for a better future for the next generation.
• Delivering the 2027 Budget speech in Parliament, the President said the country had moved from a phase of economic stabilisation towards the next stage of economic transformation.
• He noted that the government had succeeded in stabilising the economy over the past two years despite having to navigate numerous domestic and international challenges.
• President Dissanayake stressed that the Budget proposals were interconnected and designed as part of a collective national programme aimed at the betterment of the country. He said due consideration had been given to all proposals in formulating the Budget.
• Referring to external economic pressures, the President highlighted the impact of rising global oil prices amid the ongoing conflict in the Middle East. He said the Government had provided concessions amounting to Rs. 147 billion to mitigate the impact of rising fuel prices on the public.
• He also revealed that the country had incurred an estimated USD 3.4 billion in expenditure in connection with the damage caused by Cyclone Ditwah and subsequent reconstruction efforts.
• The President further pointed to the challenges posed by the anticipated El Niño impact.
• Addressing public sector reform, President Dissanayake said the country did not require an oversized state machinery but rather an efficient public service that responds to the needs of the people.
• He recalled that the public had given the Government an overwhelming mandate two years ago, expressing their expectation of building a better nation.
   

President Anura Kumara Dissanayake in his capacity as the Minister of Finance, Planning and Economic Development has commenced delivering the 2027 Budget speech in Parliament, a short while ago.

Earlier today (12), the Cabinet of Ministers approved the 2027 Budget proposals to be presented to the House by the President.

This will mark the third Budget of the National People’s Power (NPP) government and the country’s 81st Budget Speech.

The Appropriation Bill for 2027 was presented to Parliament for its first reading on October 7 by Deputy Minister of Finance and Planning, Dr. Anil Jayantha Fernando.

Following the presentation of the Budget, the Second Reading debate is scheduled to be held over seven days, from November 13 to November 20. The vote on the Second Reading is scheduled for 6.00 p.m. on November 20.

Subsequently, the Committee Stage debate on the Budget will take place over 19 days, from November 21 to December 14.

The vote on the Third Reading of the Budget is scheduled to be held at 6.00 p.m. on December 14.

President Anura Kumara Dissanayake’s Budget Speech is currently being broadcast live on TV Derana, Ada Derana 24 and Ada Derana’s social media platforms.