Parliament Continues Debate on 2026 Budget with Vote Set for Nov 14

November 10, Colombo (LNW): The second day of parliamentary debate on the Second Reading of the 2026 Appropriation Bill is scheduled to begin today (10), as lawmakers continue to deliberate on the government’s financial plan for the coming year.

According to the Department of Communication of Parliament, the Second Reading debate will run over six days, with the vote expected to take place at 6 p.m. on Friday (14).

Following this, the Committee Stage discussions are set to span 17 sitting days, from November 15 until December 05, culminating in the Third Reading vote on the evening of December 05.

The budget sessions will be conducted daily throughout the debate period, excluding Sundays and public holidays, in line with standard parliamentary procedure.

As outlined in the 2026 Budget presented by the President, the government anticipates total revenue of Rs. 5,300 million against projected expenditure of Rs. 7,057 million, resulting in a budget deficit of Rs. 1,757 million — equivalent to approximately 5.1 per cent of the national GDP.

Share post:

spot_imgspot_img

Popular

More like this
Related

Power Market Reform Could Reshape Sri Lanka’s Apparel Export Future

Sri Lanka’s proposed electricity wheeling reforms could become an...

Digitalisation at Risk as Critical Cyber Flaws Threaten Sri Lanka

Sri Lanka’s ambitious digitalisation drive faces a potentially serious...

Sri Lanka’s AI Banking Revolution Risks Becoming a Systemic Trap

Sri Lanka’s push towards artificial intelligence-powered financial supervision presents...

Customs Smashes Revenue Targets as Vehicle Taxes Drive Treasury Windfall

Sri Lanka Customs has delivered a striking fiscal performance,...