SriLanka, Nov. 13 -- Sri Lanka's 2027 Budget offers salaried taxpayers higher take-home pay from April, while lower-income households stand to benefit from continued welfare payments and lower import levies on selected foods. For communities hit by Cyclone Ditwah, the Government is seeking Rs. 260 billion to carry reconstruction into next year.

President and Finance Minister Anura Kumara Dissanayake presented the Budget, third under his government, to Parliament yesterday against a backdrop of renewed price pressure. Annual inflation rose to 8.3% in October from 2.1% last December, due to higher fuel prices linked to the Middle East conflict among the factors. The economy grew 5% in 2025, but growth slowed to 4.2% in the second quarter o...