COLOMBO : The Tourism Development Levy will be abolished with effect from April 1, 2027.
Special Commodity Levy on imported sugar will be increased by Rs. 10 per kg
CESS rates on 800 selected HS code lines will be reduced by 25%
The 10% PAL on imported newsprint will be removed from January 1, 2027.
The supply of bunker fuel to ships engaged in international transport will be exempted from the Social Security Contribution Levy (SSCL)
Value Added Tax (VAT) on foreign currency transactions will be converted into Sri Lankan Rupees using the Central Bank’s Indicative Exchange Rate,
books and printed materials will be exempt from Value Added Tax (VAT) on imports and supplies.
Tax-free threshold to increase from Rs. 150,000 to Rs. 162,500 per month
-Tax brackets: Revised to widen taxable income brackets, with the 6% tax slab set at Rs. 70,833 per month and subsequent slabs expanded from Rs. 41,667 to Rs. 50,000.
-Tax rates: Proposed rates are 6%, 12%, 18%, 24%, 30% and 36%, replacing the existing 18% rate immediately after the 6% bracket with 12%.
Rs 67,687 million for interest subsidies and refinancing to banks for MSMEs
Rs 80 billion for the first phase of railway electrification programme covering three key railway lines.
Positive primary balance of Rs 1,8444 billion recorded by end of September this year
Highest ever current account surplus in history – US$ 1,719 million
Foreign remittance tops US$ 7.6 billion by October this year
Total foreign debt service will be US$ 2,986 million in 2027
In 2025 Budget deficit recorded its lowest value in 68 years at 2.3 per cent
A profit before tax of Rs 367 billion recorded from loss making State owned Enterprises by August this year
Rs. 300 million for the commencement of the relocation of the Colombo prison complex
Rs. 9.5 billion to digitise the operations of the Sri Lanka Police,
Rs. 500 million for concessionary loans to tourism service providers to purchase equipment, including boats, and promote marine tourism.
Monthly professional allowances for judges increased by Rs. 25,000 in two phases from July 2027.
Monthly risk allowance for prison officers doubled from Rs. 8,000 to Rs. 16,000.
Academic allowance for university lecturers increased by Rs. 25,000 in two phases.
Payments to external lecturers at vocational and technical institutions increased by 100%.
Rs. 50 billion for the District Development Programme and the Decentralized Budget Programme, with Rs. 2 billion allocated to each district.
Rs. 100 million for higher education scholarships and technological support to strengthen journalists’ skills and professional development.
Rs. 400 million allocated to expand the Wolbachia-based dengue mosquito control programme nationwide.
A total of Rs. 2,900 million has been allocated for 13 new disaster management projects.
Rs. 230 billion for social protection programmes in 2027, including Aswesuma,
To ensure aviation safety, a project of Rs. 6,000 million to rehabilitate the existing runway and extend it from 1,400 metres to 1,771 metres will commence in 2027 with the funds of AASL.
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