5.00 PM - The social security contribution levy is proposed to be charged at the time of import or manufacture and sale of vehicles, and exempt this tax at the time of after-sales. This is expected to be implemented effective from April 2026.

4.48 P.M. - Locally manufactured fabric is subjected to VAT and the imported fabric, although exempted from VAT, is subjected CESS of Rs. 100 per kilo gram. To ensure a level playing field, it is proposed to remove CESS and impose VAT on the imported fabric. This will be implemented effective from April 01, 2026. 

4.45 .P.M - We propose to reduce the annual turnover threshold for the registration from Rs. 60 million to Rs. 36 million Value Added Tax and Social Security Contribution Levy effective from April 01, 2026.

4.43 PM - We propose to allocate Rs. 250 million to increase the minimum allowance currently paid to them from Rs. 7,500 to Rs. 15,000 per month for an eight-hour shift.

4. 41 P.M - It is proposed to increase the interest-free festive advance of Rs. 10,000 provided to government employees to Rs. 15,000.

4.37 P.M - The property loan scheme provided to public servants is expected to be activated under a new structure to provide loans up to Rs. 50 lakhs. In that case, we propose to allocate Rs. 500 million to provide loans at 4 percent concessional interest rate up to the initial Rs. 30 lakhs and at 2 percent concessional interest rate from Rs. 30 lakhs to Rs. 50 lakhs.

4.34 P.M - An allocation of Rs. 110 billion has been provided for the implementation of the second phase of the salary revisions made in 2025. Accordingly, these salaries will be paid to all public servants commencing from January 2026.

4.32 PM - Another Rs. 1,000 million in addition to the provisions currently allocated for applications in line with the digitalization program (Digital Blue Print) already prepared by the government.

4.28 P.M - Accordingly, Rs. 900 million has been allocated for the implementation of solid waste management under the Ministry of Public Administration, Provincial Councils and Local Government to provide vehicles and equipment for the systematic disposal of solid waste and maintenance.

4.26 PM - It is proposed to allocate Rs. 100 million to implement a pilot project in the local authorities of Kesbewa and Piliyandala areas, with the aim of encouraging the provision of services for the burial of pets, cremation and care of stray animals.

4.22 PM - It is proposed to allocate another Rs. 3,000 million in addition to the Rs. 7,200 million allocated for the construction of 10,000 houses in 2026.

4.18 P.M The current allocation of Rs. 3,850 million for the construction of 2,500 houses for families who do not own any houses due to the conflict in the Northern and Eastern provinces will be increased to Rs. 5,000 million. 

4.15 PM - an Additional Rs. 1,000 million, supplementary to the provisions already set aside, for the implementation of a comprehensive road safety programme. This programme aims to enhance road safety infrastructure through the integration of safety strategies into road design and the improvement of unsafe road sections.

4.12. PM - It is expected to introduce Energy Transition Act in next year with the aim of establishing the necessary legal framework for this purpose. 

4.10 P.M. - A feasibility study to be carried out on completing the outer circular road through the Port 

4.08 P.M.- Kurunegala - Dambulla expressway project to be constructed . Land acquisition to commence. 

4.04  P.M. - 342,000 billion allocated for road construction including the central expressway Kadawatha -Mirigama section 

4.00 P.M.-  Rs 67,000 million allocated to improve public transport services. 

3.46 P.M.- RS 3350 million to improve a port in the eastern province 

3.44 P.M.- An incentive scheme to promote coconut cultivation. Rs 2,250 million allocated for the purpose.

3.40 P.M. - P.M. Allocation to increase irrigation schemes 

3.39 P.M.-  Allocation to provide facilities for sports men and women involved in national sports. 

3.35. P.M.-  5,000 staff to be recruited to the Wildlife Department to maintain 'elephant fences'  while a comprehensive plan to be introduced to minimize the human-elephant conflict. 

3.30.P.M. - Rs 24,000 million allocated for the construction of rural roads. 

3 26 P.M. - Plantation workers  to get a wage increase from 1,350  to Rs 1,550  and Rs 200 as  an incentive allowance for attendance 

3:12 PM - Mahapola scholarship  to be increased by Rs.2500 again this year. Student allowances increased by Rs.9000 per student in total.

03:09 P.M. - Aswesuma allocates Rs. 9000 Mn for stationary vouchers for school students

03:07 P.M. Rs 19,000 million rupees allocated for welfare of differently abled persons 

3.08 P.M. The stationery allowance for school children will be continued next year 

3.04 P.M. Rs 500 million to be allocated for a programme to support the private sector who employ differently abled persons

2.53 P.M. -  The first digital Id card will be issued by the first quarter of 2026 

2.50 P.M. - The GovPay system will be further improved 

2.49 P.M. - The Govt will look at alternative plans if Sri Lankan airlines cannot be restructured. 

2.48 P.M.- Training to be increased for persons to be required for  hotel sector 

2.48  P.M. -  Development plan to improve Hamilton canal and other waterways around Negombo area to promote tourism 

2.47 P.M. - Allocations have been increased to provide loans under various schemes. 

2 .46 P.M. - Rs. 1,700 million allocated to provide loans to the Agricultural sector.

2.38 P.M. -  The promise to provide loans for small and medium scale industrialist without guarantors  will be fulfilled.

2.37 . P.M.Several Institutions to be brought under the IDB for an efficient service 

2.36 P.M. - Rs 250 million to be allocated to promote exports.

2.32. P.M. - Rs 100 million to be allocated for the process of assessment of  lands 

2.30 . P.M. - Two  new IT parks will be open for investments 

2.28  P.M. - A legal framework for foreign investments will be introduced. 

3.03 P.M. - Rs 1200 million to promote research into a commercial activity 

2.23 . P.M.- The Budget deficit has been reduced this time, compared to previous years that the Budget deficit exceeded the targets. 

2 22 P.M. - All measures will be taken to collect taxes. 

2 17 P.M. - Among the achievements this year, unemployment rate reduced, earnings from tourism and investments increased. Revenue has increased. 

2.14 P.M. - A National plan to eradicate poverty will be introduced.

2.12 P.M. - The Govt is also confident in meeting the revenue targets for 2026. 

2.08 P.M. - The Govt is confident in meeting foreign debt servicing targets by 2028.  

2.00 P.M. - Govt looking at entering into new Trade Agreements. 

1.57 P.M. - Tax concessions offered to investors will be made public.

1.55 P.M. - Code of ethics for Judicial service will be introduced.

1.44 P.M. - By the end of the year we hope to ensure that the economic situation would return to the pre-economic crisis period. 

1.40 P.M. - Foreign reserves expect to reach US $ seven billion by the end of the year.

1.38 P.M. - President says the Govt had to undertake series of reforms to restore the economy. 

1.35 p.m. - President Anura Kumara Dissanayake commenced presenting the budget for 2026.