Sri Lanka, Nov. 12 -- President Anura Kumara Dissanayake has announced a proposed Rs. 25,000 increase in the monthly academic allowance for university academic staff under the 2027 Budget, in recognition of their vital contributions to higher education, research, and human capital development.

Presenting the Budget in Parliament today (12), the President outlined a two-phase rollout for the academic allowance boost: 50% of the increase will take effect in July 2027, with the remaining 50% implemented in July 2028.

To further bolster teaching quality and attract specialised expertise, the budget introduces substantial rate hikes for external educators across higher education and vocational sectors:

Tripled Payments for University Extern...