Sri Lanka's 2027 Appropriation Bill clears its First Reading in Parliament

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Sri Lanka's 2027 Appropriation Bill clears its First Reading in Parliament

7 October 2026

Deputy Minister of Finance and Planning Dr Anil Jayantha Fernando presented the 2027 Appropriation Bill to Sri Lanka's Parliament for its First Reading. The Bill sets government spending for 2027 at Rs. 4,992,773,388,000 and gives the government the authority to raise loans. The Committee on Parliamentary Business, chaired by Speaker Dr Jagath Wickramaratne, had fixed the timetable earlier. The Second Reading, which is the Budget Speech and budget proposals, is set for 12 November 2026. The Second Reading debate runs from 13 to 20 November, with the vote on 20 November. The Committee Stage debate is listed from 21 November to 14 December, with the Third Reading vote on 14 December. Parliament sits daily at 9.30 a.m. during the budget debate.

Estimated expenditure for 2027: Rs. 4,992,773,388,000 First Reading: 7 October 2026 Budget Speech (Second Reading): 12 November 2026 Third Reading vote: 14 December 2026

Why it matters for exams: Names the Appropriation Bill route in Sri Lanka's Parliament, where the Second Reading is the Budget Speech, the Speaker who chairs the Committee on Parliamentary Business, and the 2027 spending figure.

Kerala PSCUPSC

7 October 2026 Source: Ada Derana

In plain words

Appropriation Bill Appropriation Bill — The Bill that authorises government spending for a financial year.

Committee on Parliamentary Business Committee on Parliamentary Business — The Sri Lankan parliamentary committee that fixes the order of business; the Speaker chairs it.