Rs. 2 trillion to be allocated for capital expenditure in 2027: President

President Anura Kumara Dissanayake has stressed the need to reduce government recurrent expenditure and increase investment in development, stating that public resources should be directed towards the country’s progress rather than maintaining government operations.

The President made the remarks while participating in the Galle District Special Coordination Committee Meeting held today (28) at the Galle District Secretariat.

He said the government’s economic plans for the coming year have been prepared with the objective of reducing recurrent expenditure, which currently accounts for 9%, while increasing capital expenditure, currently at 4%, to support greater development investment.

President Dissanayake said plans are in place to allocate Rs. 2 trillion for capital expenditure in 2027, representing an increase of approximately 40%, the President’s Media Division said in a statement.