2027 Appropriation Bill gets COPF approval, highlighting infrastructure and debt

Lankadeepa and Newswire report that the Parliamentary Committee on Public Finance (COPF) approved the Appropriation Bill for the 2027 financial year. Newswire says the committee’s decision allows the bill to proceed to presentation before Parliament.

Newswire reports the committee met on October 22, led by Dr. Harsha de Silva, with officials from the finance, planning and economic development ministry. They presented estimates for government expenditure, capital investment, expected revenue and debt repayments, according to Newswire.

Newswire says members examined proposed capital allocations for nationwide roads, upgrades to healthcare and education facilities, extending the electricity network and urban initiatives. Other subjects included economic forecasts, public finance systems, salaries and pensions in the public sector, and funding for essential services.

Newswire reports that officials also discussed assistance for small and medium-sized businesses, including credit guarantees and wider support for companies. The committee was briefed on foreign debt payments due in 2027, expected foreign financing, debt management, revenue goals, improving tax administration and careful use of allocated funds.

Newswire reports that Deputy Minister Nishantha Jayaweera and Dr. Kaushalya Ariyarathne attended, along with MPs Ravi Karunanayake, Harshana Rajakaruna, Ajith Agalakada, Nimal Palihena, Wijesiri Basnayake and Thilina Sa…; the report’s list of participants ends after that name.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.