Attention in Sri Lanka’s energy sector is turning to the modernisation of the Sapugaskanda refinery after a Cabinet-appointed negotiating committee recommended cancelling the proposed Sinopec refinery project in Hambantota.
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The government's 2027 Budget fails to pay sufficient attention to resolving the real economic crisis facing Sri Lanka, Samagi Jana Balawegaya (SJB) MP S.M. Marikkar alleged.
Sri Lanka’s Opposition Leader Sajith Premadasa has said that the government’s 2027 Budget risks sparking civil unrest by failing to tackle severe poverty, high youth unemployment and the escalating cost of living.
Public sector pensioners who retired between 2020 and 2024 are set to receive a monthly interim allowance of Rs. 2,500 from July 1, 2027, under a proposal announced by President Anura Kumara Dissanayake in the 2027 Budget.
A Rs. 25,000 increase in the monthly professional allowance for High Court Judges and other judicial officers has been proposed under the 2027 Budget, alongside revisions to transport, driver and housing allowances.
The monthly food and accommodation allowance for police officers is set to increase by Rs. 10,000 from July 2027 under proposals announced by President Anura Kumara Dissanayake in the 2027 Budget.
The Government has allocated Rs. 3.2 billion under the 2027 Budget to improve drainage systems and rehabilitate canals in Colombo and its surrounding areas as part of a series of flood mitigation initiatives, President Anura Kumara Dissanayake announced.
The Government plans to construct 70,000 houses for low-income families under a nationwide housing programme, while allocating an additional Rs. 90 billion for housing construction under the Ditwah Housing Project, President Anura Kumara Dissanayake announced.
The Government has allocated Rs. 77 billion under the 2027 Budget to improve access to clean drinking water, expand sanitation facilities and ensure adequate water supplies for industrial and other economic activities, President Anura Kumara Dissanayake announced.
A USD 77 million project will be launched to restore historic buildings in the Colombo Fort area and develop the location into a major tourism zone, President Anura Kumara Dissanayake announced in the 2027 Budget.
President Anura Kumara Dissanayake has announced a capital expenditure allocation of Rs. 131 billion for the maintenance and development of Sri Lanka’s public healthcare system under the 2027 Budget.
President Anura Kumara Dissanayake has proposed an allocation of Rs. 80 billion in the 2027 Budget for the first phase of a major railway electrification programme covering three key railway lines.
