Politics · Sri Lanka Bureau
Sri Lanka Gazetted 2027 Budget at Nearly Five Trillion Rupees
The Government has officially gazetted the Appropriation Bill for the 2027 financial year, setting estimated expenditure at Rs. 4.99 trillion. The bill received Cabinet approval before being gazetted on September 21.
LSN Sri Lanka ·
Sri Lanka's Appropriation Bill for the 2027 financial year was gazetted on September 21 following Cabinet approval, formally establishing the Government's budgetary framework for the coming year.
According to the gazetted documentation, the Government's estimated expenditure for the 2027 financial year has been set at Rs. 4,992,773,388,000, representing the comprehensive fiscal allocation across all government departments and ministries.
The first reading of the 2027 Appropriation Bill is scheduled to proceed in Parliament, marking the next stage in the legislative approval process. The bill requires parliamentary scrutiny and debate before final approval, allowing lawmakers to review the Government's proposed expenditure and allocations across various sectors.
The gazettal of the Appropriation Bill represents a significant step in the budgetary cycle, formally notifying the public and government institutions of the financial framework that will govern State spending throughout the 2027 financial year.