President to Present 'Transformation Budget' Today

COLOMBO(News 1st): The Budget for the year 2027 is scheduled to be presented to Parliament today (November 12), with the estimated government expenditure for next year standing at Rs. 4,992.77 billion. 

The Second Reading of the Appropriation Bill, commonly known as the Budget Speech, will be delivered this afternoon by President Anura Kumara Dissanayake in his capacity as the Minister of Finance. 

Under the proposed allocations, the Ministry of Defence has been allocated Rs. 458 billion, while Rs. 590.5 billion has been earmarked for the Ministry of Health and Mass Media.

A total of Rs. 328 billion has been allocated to the Ministry of Education, Higher Education and Vocational Education.

The Ministry of Public Administration, Provincial Councils and Local Government has been allocated Rs. 651 billion.

The allocation for the Ministry of Foreign Affairs, Foreign Employment and Tourism stands at Rs. 24.7 billion.

Meanwhile, Rs. 500 billion has been allocated to the Ministry of Transport, Highways, Ports and Civil Aviation, while the Ministry of Public Security and Parliamentary Affairs has been allocated Rs. 230.5 billion.

The Ministry of Justice and National Integration has been allocated Rs. 66 billion.

The Ministry of Agriculture, Livestock, Land and Irrigation has been allocated Rs. 218 billion.