Budget 2027: Will these three taxes be reduced tomorrow?

Daily Mirror says Cabinet approved the 2027 Budget before its presentation in Parliament. Lankadeepa reports that Cabinet endorsed Finance Commission recommendations for 2027, citing Cabinet spokesperson and minister Nalinda Jayatissa.

Rupavahini News says Dissanayake examined the completed budget document at the Presidential Secretariat on 11 November, with finance ministry secretary Harshana Suriyapperuma also present. Rupavahini News reports that the president was due to take the budget to Parliament the next afternoon; Newswire and Hiru News say he delivered it there on 12 November.

Rupavahini News reports that the budget aims to move beyond stabilisation towards economic growth and wider development, and provides Rs. 2 trillion in capital funding. The outlet says the government pointed to progress in major economic sectors despite internal and external difficulties, including Cyclone Ditwah and the Middle East crisis. Before the presentation, Daily FT characterized the planned budget as investment-focused and said it was expected to include some assistance for people affected by recent stabilisation policies, climate change and the regional conflict.

Newswire reports proposals to lift the personal income-tax threshold, end VAT on school and printed books, adjust public employee allowances and offer further support to pensioners. It says the plan also covers infrastructure, education, health, farming, tourism, digital development and attracting investment, and identifies it as the NPP government’s third budget.

Newswire reports a proposed Rs. 117.3 billion for expressway work, including Rs. 53.45 billion for the Kadawatha–Mirigama portion of the Central Expressway, Rs. 4.5 billion for Pothuhera–Rambukkana and Rs. 2.35 billion for Rambukkana–Galagedara. The same outlet reports Rs. 30 billion for the initial Kurunegala–Galewela stretch of the Kurunegala–Dambulla Expressway and Rs. 27 billion for the first stage of the Ruwanpura Expressway, between Kahathuduwa and Ingiriya. Newswire gives target completion dates of May 2027 for Pothuhera–Rambukkana, September 2028 for Kadawatha–Mirigama and July 2029 for Rambukkana–Galagedara.

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.