Budget 2027: Rs. 250 million allocated for defence research and security modernisationPresident Anura Kumara Dissanayake has proposed several initiatives to strengthen Sri Lanka's defence sector, including the establishment of a Defence Development Research Centre with an allocation of Rs. 250 million.7m agoBudget 2027: Police officers to receive Rs. 10,000 monthly allowance increase President Anura Kumara Dissanayake has proposed increasing the monthly food and accommodation allowance paid to police officers by Rs. 10,000, effective from July 2027, under the 2027 Budget.12m agoBudget 2027: Rs. 25,000 allowance increase for judges, housing allowance to doublePresident Anura Kumara Dissanayake has proposed a Rs. 25,000 increase in the monthly professional allowance paid to High Court Judges and other judicial officers, alongside higher transport, driver and housing allowances under the 2027 Budget.29m agoBudget 2027: Rs. 25,000 allowance increase for judges, housing allowance to doublePresident Anura Kumara Dissanayake has proposed a Rs. 25,000 increase in the monthly professional allowance paid to High Court Judges and other judicial officers, alongside higher transport, driver and housing allowances under the 2027 Budget.29m agoBudget 2027: Rs. 2,500 monthly interim allowance for pensioners from July 2027President Anura Kumara Dissanayake has proposed a monthly interim allowance of Rs. 2,500 for public sector pensioners who retired between 2020 and 2024, effective from July 1, 2027, as part of measures to address disparities in pension payments.37m agoBudget 2027: Rs. 2,500 monthly interim allowance for pensioners from July 2027President Anura Kumara Dissanayake has proposed a monthly interim allowance of Rs. 2,500 for public sector pensioners who retired between 2020 and 2024, effective from July 1, 2027, as part of measures to address disparities in pension payments.37m agoBudget 2027 proposes 25% reduction in CESS rates on 800 import categoriesPresident Anura Kumara Dissanayake has proposed a 25% reduction in existing CESS rates applicable to 800 selected Harmonized System (HS) code lines as part of the Government's efforts to simplify Sri Lanka's import tax structure and reduce trade-related costs.59m agoBudget 2027 proposes 25% reduction in CESS rates on 800 import categoriesPresident Anura Kumara Dissanayake has proposed a 25% reduction in existing CESS rates applicable to 800 selected Harmonized System (HS) code lines as part of the Government's efforts to simplify Sri Lanka's import tax structure and reduce trade-related costs.59m agoBudget 2027: Special Commodity Levy on imported sprats and Maldive Fish slashed to Rs. 10 per kgPresident Anura Kumara Dissanayake has proposed sharp reductions in the Special Commodity Levy (SCL) on several essential imported food items, including sprats, Maldive fish and dried chillies, in a move aimed at easing the cost-of-living burden on consumers.1h agoBudget 2027: Special Commodity Levy on imported sprats and Maldive Fish slashed to Rs. 10 per kgPresident Anura Kumara Dissanayake has proposed sharp reductions in the Special Commodity Levy (SCL) on several essential imported food items, including sprats, Maldive fish and dried chillies, in a move aimed at easing the cost-of-living burden on consumers.1h agoNEWS ALERT2027 Budget: Deficit at Rs. 1.75 trillion; Govt. spending rises to Rs. 7.93 trillionSri Lanka’s budget deficit is projected to reach Rs. 1.753 trillion in 2027, equivalent to 4.5 percent of Gross Domestic Product (GDP), as total government expenditure is estimated at Rs. 7.933 trillion, 1h agoNEWS ALERT2027 Budget: Deficit at Rs. 1.75 trillion; Govt. spending rises to Rs. 7.93 trillionSri Lanka’s budget deficit is projected to reach Rs. 1.753 trillion in 2027, equivalent to 4.5 percent of Gross Domestic Product (GDP), as total government expenditure is estimated at Rs. 7.933 trillion, 1h ago2027 Budget proposes VAT exemption for exercise books and printed educational materialsPresident Anura Kumara Dissanayake has proposed exempting exercise books and a wide range of printed educational materials from Value Added Tax (VAT) under the 2027 Budget.1h ago2027 Budget proposes VAT exemption for exercise books and printed educational materialsPresident Anura Kumara Dissanayake has proposed exempting exercise books and a wide range of printed educational materials from Value Added Tax (VAT) under the 2027 Budget.1h agoUniversity lecturers to receive Rs. 25,000 monthly academic allowance increase under 2027 BudgetPresident Anura Kumara Dissanayake has proposed increasing the monthly academic allowance paid to university academic staff by Rs. 25,000, with the increase to be implemented in two phases starting July 2027.1h agoUniversity lecturers to receive Rs. 25,000 monthly academic allowance increase under 2027 BudgetPresident Anura Kumara Dissanayake has proposed increasing the monthly academic allowance paid to university academic staff by Rs. 25,000, with the increase to be implemented in two phases starting July 2027.1h agoDAT allowance for medical officers increased to Rs. 95,000 under 2027 BudgetPresident Anura Kumara Dissanayake has proposed increasing the monthly Disturbance, Availability and Transport (DAT) allowance paid to medical officers by Rs. 25,000, from Rs. 70,000 to Rs. 95,000, under the 2027 Budget.1h agoDAT allowance for medical officers increased to Rs. 95,000 under 2027 BudgetPresident Anura Kumara Dissanayake has proposed increasing the monthly Disturbance, Availability and Transport (DAT) allowance paid to medical officers by Rs. 25,000, from Rs. 70,000 to Rs. 95,000, under the 2027 Budget.1h agoRs. 500 million allocated for Anuradhapura Sacred City Development in 2027The President has proposed an allocation of Rs. 500 million for 2027 to advance the development of the sacred city of Anuradhapura, with plans to improve facilities for pilgrims, rehabilitate roads and strengthen waste management while protecting its historical and archaeological heritage.1h agoRs. 500 million allocated for Anuradhapura Sacred City Development in 2027The President has proposed an allocation of Rs. 500 million for 2027 to advance the development of the sacred city of Anuradhapura, with plans to improve facilities for pilgrims, rehabilitate roads and strengthen waste management while protecting its historical and archaeological heritage.1h agoNEWS ALERTBudget 2027: Personal income tax-free threshold increased to Rs. 162,500 per monthPresident Anura Kumara Dissanayake has proposed increasing the annual personal income tax-free threshold from Rs. 1.8 million to Rs. 1.95 million, raising the monthly tax-free income limit to Rs. 162,500 under the 2027 Budget.1h agoNEWS ALERTBudget 2027: Personal income tax-free threshold increased to Rs. 162,500 per monthPresident Anura Kumara Dissanayake has proposed increasing the annual personal income tax-free threshold from Rs. 1.8 million to Rs. 1.95 million, raising the monthly tax-free income limit to Rs. 162,500 under the 2027 Budget.1h agoRs. 110 billion allocated for state sector workers’ salary increase in 2027 BudgetPresident Anura Kumara Dissanayake has announced an allocation of Rs. 110 billion to implement the final phase of the public sector salary increase in 2027, completing the three-stage salary revision introduced under the Government's first Budget in 2025.1h agoRs. 110 billion allocated for state sector workers’ salary increase in 2027 BudgetPresident Anura Kumara Dissanayake has announced an allocation of Rs. 110 billion to implement the final phase of the public sector salary increase in 2027, completing the three-stage salary revision introduced under the Government's first Budget in 2025.1h agoGovt. to recruit 110,000 more public sector employeesPresident Anura Kumara Dissanayake has announced plans to recruit a further 110,000 employees to the public service, following the completion of approximately 40,000 recruitments from vacancies identified across government institutions.2h agoGovt. to recruit 110,000 more public sector employeesPresident Anura Kumara Dissanayake has announced plans to recruit a further 110,000 employees to the public service, following the completion of approximately 40,000 recruitments from vacancies identified across government institutions.2h agoPresident proposes new flood mitigation projects in Colombo and suburbsPresident Anura Kumara Dissanayake has announced a series of major flood mitigation projects targeting Colombo and its suburbs, with Rs. 3.2 billion allocated to improve urban drainage systems and rehabilitate canals under the 2027 Budget.2h agoPresident proposes new flood mitigation projects in Colombo and suburbsPresident Anura Kumara Dissanayake has announced a series of major flood mitigation projects targeting Colombo and its suburbs, with Rs. 3.2 billion allocated to improve urban drainage systems and rehabilitate canals under the 2027 Budget.2h agoPresident proposes 70,000 houses for low-income familiesPresident Anura Kumara Dissanayake has announced a major housing development programme targeting the construction of 70,000 houses for low-income families, alongside Rs. 90 billion in supplementary funding for housing construction under the Ditwah Housing Project.2h agoPresident proposes 70,000 houses for low-income familiesPresident Anura Kumara Dissanayake has announced a major housing development programme targeting the construction of 70,000 houses for low-income families, alongside Rs. 90 billion in supplementary funding for housing construction under the Ditwah Housing Project.2h agoRs. 77 billion allocated to expand drinking water supply and sanitation facilities across Sri LankaPresident Anura Kumara Dissanayake has announced an allocation of Rs. 77 billion to ensure an uninterrupted supply of clean drinking water, expand sanitation facilities and provide adequate water for industrial and other economic activities under the 2027 Budget.2h agoRs. 77 billion allocated to expand drinking water supply and sanitation facilities across Sri LankaPresident Anura Kumara Dissanayake has announced an allocation of Rs. 77 billion to ensure an uninterrupted supply of clean drinking water, expand sanitation facilities and provide adequate water for industrial and other economic activities under the 2027 Budget.2h agoPresident says train services will reach Kandy by first quarter of 2027Train services are expected to reach Kandy within the first quarter of 2027, while the full rehabilitation of the Up-Country railway line and restoration of services up to Badulla are targeted for completion by mid-2027, President Anura Kumara Dissanayake announced.2h agoPresident says train services will reach Kandy by first quarter of 2027Train services are expected to reach Kandy within the first quarter of 2027, while the full rehabilitation of the Up-Country railway line and restoration of services up to Badulla are targeted for completion by mid-2027, President Anura Kumara Dissanayake announced.2h agoRs. 95 billion allocated to modernise public transport; new Metro Bus Services planned for Kandy, Galle and JaffnaPresident Anura Kumara Dissanayake has announced a record allocation of Rs. 95 billion to modernise Sri Lanka's railway and passenger bus services, expand public transport networks and improve passenger convenience under the 2027 Budget.2h agoRs. 95 billion allocated to modernise public transport; new Metro Bus Services planned for Kandy, Galle and JaffnaPresident Anura Kumara Dissanayake has announced a record allocation of Rs. 95 billion to modernise Sri Lanka's railway and passenger bus services, expand public transport networks and improve passenger convenience under the 2027 Budget.2h agoRs. 5 Billion allocated to address El Niño risks; Compensation for Human-Elephant Conflict victims increased under 2027 BudgetPresident Anura Kumara Dissanayake has announced a series of measures to strengthen wildlife conservation, address human-elephant conflict and protect Sri Lanka's natural environment, including Rs. 5 billion in funding to prepare for potential El Niño-related risks.2h agoRs. 5 Billion allocated to address El Niño risks; Compensation for Human-Elephant Conflict victims increased under 2027 BudgetPresident Anura Kumara Dissanayake has announced a series of measures to strengthen wildlife conservation, address human-elephant conflict and protect Sri Lanka's natural environment, including Rs. 5 billion in funding to prepare for potential El Niño-related risks.2h ago