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2026 Budget: Projected revenue at Rs. 5.3 bln, Budget deficit 1.75 bln

2026 Budget: Projected revenue at Rs. 5.3 bln, Budget deficit 1.75 bln

President Anura Kumara Dissanayake today (07) presented the 2026 budget speech in Parliament, the second of the National People’s Power-led government. MORE..

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Our Power of People Party decides to extend its support to Govt.

Our Power of People Party decides to extend its support to Govt.

75,000 individuals to absorbed to the state sector - President

The state administrative system has been significantly weakened due to the lack of proper recruitment to fill vacancies in the public service for many years, President Anura Kumara Dissanayake stated. MORE..

Govt allocates Rs. 2 bln to establish new Inland Revenue Department complex

The government has proposed to allocate Rs. 2,000 million to establish a new office complex for the Department of Inland Revenue after selecting a suitable location among the proposed sites and conducting a feasibility study. MORE..

Govt. proposes changes to Social Security Contribution Levy on vehicles

The government has proposed to charge the social security contribution levy at the time of import or manufacture and sale of vehicles, and exempt it tax at the time of after-sales. MORE..

Govt. allocates Rs. 3.6 bln to expand SLTB long-distance bus fleet

President Anura Kumara Dissanayake, presenting the 2026 Budget, announced plans to strengthen the public transportation sector by adding 600 buses to the long-distance service fleet operated by the Sri Lanka Transport Board (SLTB). MORE..

VAT registration threshold reduced to Rs. 36 million from Rs. 60 million

The government has decided to reduce the annual turnover threshold for the registration of Value Added Tax and Social Security Contribution Levy from Rs. 60 million to Rs. 36 million. MORE..

VAT to be imposed on imported coconut oil and palm oil

The government has proposed to remove the Special Commodity Levy on imported coconut oil and palm oil and implement the general tax structure including Value Added Tax. MORE..

Total number of registered taxpayers increased by 300,000 in one year – President

President Anura Kumara Dissanayake stated that the total number of registered taxpayers in Sri Lanka has increased by 300,000 as of September 30, 2025 compared to 2024. MORE..

Govt. allocates Rs. 100 mln to boost Sri Lanka’s blue economy

The government has allocated Rs. 100 million to conduct a comprehensive study on the potential economic benefits of Sri Lanka’s blue economy, recognizing its vital role in national prosperity and sustainable development, President Anura Kumara Dissanayake stated. MORE..

No vehicle permits for MPs in future – President

President Anura Kumara Dissanayake says the issuance of vehicle permits for Members of Parliament will not be issued in future. MORE..

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Govt remains committed to supporting all efforts aimed at reducing the risk of leprosy – President (English)

Govt remains committed to supporting all efforts aimed at reducing the risk of leprosy – President (English)

Wife of principal arrested with drugs, NPP urban councilor, revealed to be relative of 'Kosgoda Sujee' (English)

Mannar residents set to continue protest against wind power projects and sand mining (English)

2026 Appropriation Bill: Govt expenditure estimated at Rs. 4.43 trillion (English)

Sri Lanka – UAE joint commission concludes in Colombo (English)

'Narrow-minded' govt is driving the country further downhill - MP Dilith (English)

Sri Lanka has better education standards than India; Reverse decision to extend school hours – unions (English)

No Ministry approval to drive wild elephants into forest reserves – Spokesperson (English)

Cabinet grants approval to obtain US$ 100 million for tourism sector development programme (English)

No wind power plants in Mannar without residents’ consent – President (English)

Sajith meets Indian FM Nirmala Sitharaman in Delhi (English)

Vatican reaffirms support for Sri Lanka’s efforts to strengthen ethnic and religious harmony (English)

MP Dilith Jayaweera advocates for programs to foster entrepreneurial mindset among youth (English)

Petitions filed by ex-Minister Keheliya's family members against assets freeze dismissed by SC (English)

Technology

Elon Musk’s $1tn pay deal approved by Tesla shareholders

Elon Musk’s $1tn pay deal approved by Tesla shareholders

Media Law Forum relaunches 24/7 legal hotline for environmental journalists in Sri Lanka

Media Law Forum relaunches 24/7 legal hotline for environmental journalists in Sri Lanka

Amazon recovers from disruption as user reports fall sharply, Downdetector says

Amazon recovers from disruption as user reports fall sharply, Downdetector says

Reddit added to Australia’s social media ban on under-16s

Reddit added to Australia’s social media ban on under-16s

Entertainment

Tamil Superstar Rajinikanth and Kamal Haasan to reunite for Thalaivar 173

Tamil Superstar Rajinikanth and Kamal Haasan to reunite for Thalaivar 173

Miss Universe president slams Thai director for Miss Universe Mexico ‘dumb’ remarks

Miss Universe president slams Thai director for Miss Universe Mexico ‘dumb’ remarks

Popular South Indian actor Sarath Kumar arrives in Sri Lanka

Popular South Indian actor Sarath Kumar arrives in Sri Lanka

‘Wicked’ star Jonathan Bailey named ‘sexiest man alive’ by People magazine

‘Wicked’ star Jonathan Bailey named ‘sexiest man alive’ by People magazine

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2025-11-07

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Sports

  NFL player Marshawn Kneeland of Dallas Cowboys dies aged 24 in apparent suicide

NFL player Marshawn Kneeland of Dallas Cowboys dies aged 24 in apparent suicide

Suresh Raina, Shikhar Dhawan’s Rs. 111.4 million assets attached in betting app money-laundering probe

RCB put on sale; new owner likely before March 31

Sean Williams in rehab for drug addiction, will not be considered for Zimbabwe selection

Cricket boards set to discuss Asia Cup fallout during ICC meeting