Topics
Explore
Featured Insight
Government introduces new expenditure and relief through supplementary budget
On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emergency expenditures or to adjust the categorisation of existing allocations. Despite this new spending, the government has assured that it remains within the expenditure and debt limits established in the 2024 Budget. A significant portion of the funding—LKR 188.9 billion (86%)—comes from the government’s own resources, while the remaining LKR 30.5 billion (14%) is provided by foreign entities. Of the total, LKR 130 billion is designated to cover interest subsidies on Ceylon Petroleum Corporation's (CPC's) debt. This allocation, according to the government, represents a reclassification of the interest loss component from the previously incurred LKR 450 billion used to recapitalise banks impacted by CPC's debt restructuring. Exhibit 1: Details of all supplementary allocations including agency to which is allocated # Supplementary Allocation Agency Estimate (LKR Million) 1 To Public Enterprise to pay interest subsidies for restructuring Ceylon Petroleum Corporation's debt. Department of Public Enterprise 130,000 2 To help banks cover extra interest costs for senior citizen savings. Department of Development Finance 32,641 3 To the Treasury Operations to cover exchange losses on dollar accounts due to a stronger rupee. Department of Treasury Operations 18,000 4 To account for the fuel donated by Japan for health sector needs and customs duty payments. Minister of Health 10,826 5 To cover the cost of school uniform fabric donated by China. Minister of Education 9,829 6 To the Air Force to cover the value of two airplanes from the USA and related taxes. Sri Lankan Airforce 8,331 7 To the Ministry of Finance to reimburse payments to consultants for debt restructuring. Minister of Finance, Economic Stabilization and National Policies 3,213 8 To increase the daily allowance for students’ school nourishment program from Rs. 85 to Rs. 110. Minister of Education 1,800 9 To help small-scale fishermen in the north and east through aid from China. Minister of Fisheries 1,533 10 To increased pension allowances for retirees. Department of Pensions Operations Activities 1,400 11 To cover rising food costs and more inmates in prisons. Department of Prisons 1,400 12 To increase provision to the Ministry of Defence to compensate for restoring properties damaged by natural disasters. Minister of Defence 400 Total 219,373
Featured Insight
Government introduces new expenditure and relief through supplementary budget
On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emergency expenditures or to adjust the categorisation of existing allocations. Despite this new spending, the government has assured that it remains within the expenditure and debt limits established in the 2024 Budget. A significant portion of the funding—LKR 188.9 billion (86%)—comes from the government’s own resources, while the remaining LKR 30.5 billion (14%) is provided by foreign entities. Of the total, LKR 130 billion is designated to cover interest subsidies on Ceylon Petroleum Corporation's (CPC's) debt. This allocation, according to the government, represents a reclassification of the interest loss component from the previously incurred LKR 450 billion used to recapitalise banks impacted by CPC's debt restructuring. Exhibit 1: Details of all supplementary allocations including agency to which is allocated # Supplementary Allocation Agency Estimate (LKR Million) 1 To Public Enterprise to pay interest subsidies for restructuring Ceylon Petroleum Corporation's debt. Department of Public Enterprise 130,000 2 To help banks cover extra interest costs for senior citizen savings. Department of Development Finance 32,641 3 To the Treasury Operations to cover exchange losses on dollar accounts due to a stronger rupee. Department of Treasury Operations 18,000 4 To account for the fuel donated by Japan for health sector needs and customs duty payments. Minister of Health 10,826 5 To cover the cost of school uniform fabric donated by China. Minister of Education 9,829 6 To the Air Force to cover the value of two airplanes from the USA and related taxes. Sri Lankan Airforce 8,331 7 To the Ministry of Finance to reimburse payments to consultants for debt restructuring. Minister of Finance, Economic Stabilization and National Policies 3,213 8 To increase the daily allowance for students’ school nourishment program from Rs. 85 to Rs. 110. Minister of Education 1,800 9 To help small-scale fishermen in the north and east through aid from China. Minister of Fisheries 1,533 10 To increased pension allowances for retirees. Department of Pensions Operations Activities 1,400 11 To cover rising food costs and more inmates in prisons. Department of Prisons 1,400 12 To increase provision to the Ministry of Defence to compensate for restoring properties damaged by natural disasters. Minister of Defence 400 Total 219,373
Featured Insight
Government introduces new expenditure and relief through supplementary budget
On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emergency expenditures or to adjust the categorisation of existing allocations. Despite this new spending, the government has assured that it remains within the expenditure and debt limits established in the 2024 Budget. A significant portion of the funding—LKR 188.9 billion (86%)—comes from the government’s own resources, while the remaining LKR 30.5 billion (14%) is provided by foreign entities. Of the total, LKR 130 billion is designated to cover interest subsidies on Ceylon Petroleum Corporation's (CPC's) debt. This allocation, according to the government, represents a reclassification of the interest loss component from the previously incurred LKR 450 billion used to recapitalise banks impacted by CPC's debt restructuring. Exhibit 1: Details of all supplementary allocations including agency to which is allocated # Supplementary Allocation Agency Estimate (LKR Million) 1 To Public Enterprise to pay interest subsidies for restructuring Ceylon Petroleum Corporation's debt. Department of Public Enterprise 130,000 2 To help banks cover extra interest costs for senior citizen savings. Department of Development Finance 32,641 3 To the Treasury Operations to cover exchange losses on dollar accounts due to a stronger rupee. Department of Treasury Operations 18,000 4 To account for the fuel donated by Japan for health sector needs and customs duty payments. Minister of Health 10,826 5 To cover the cost of school uniform fabric donated by China. Minister of Education 9,829 6 To the Air Force to cover the value of two airplanes from the USA and related taxes. Sri Lankan Airforce 8,331 7 To the Ministry of Finance to reimburse payments to consultants for debt restructuring. Minister of Finance, Economic Stabilization and National Policies 3,213 8 To increase the daily allowance for students’ school nourishment program from Rs. 85 to Rs. 110. Minister of Education 1,800 9 To help small-scale fishermen in the north and east through aid from China. Minister of Fisheries 1,533 10 To increased pension allowances for retirees. Department of Pensions Operations Activities 1,400 11 To cover rising food costs and more inmates in prisons. Department of Prisons 1,400 12 To increase provision to the Ministry of Defence to compensate for restoring properties damaged by natural disasters. Minister of Defence 400 Total 219,373
Featured Insight
Government introduces new expenditure and relief through supplementary budget
On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emergency expenditures or to adjust the categorisation of existing allocations. Despite this new spending, the government has assured that it remains within the expenditure and debt limits established in the 2024 Budget. A significant portion of the funding—LKR 188.9 billion (86%)—comes from the government’s own resources, while the remaining LKR 30.5 billion (14%) is provided by foreign entities. Of the total, LKR 130 billion is designated to cover interest subsidies on Ceylon Petroleum Corporation's (CPC's) debt. This allocation, according to the government, represents a reclassification of the interest loss component from the previously incurred LKR 450 billion used to recapitalise banks impacted by CPC's debt restructuring. Exhibit 1: Details of all supplementary allocations including agency to which is allocated # Supplementary Allocation Agency Estimate (LKR Million) 1 To Public Enterprise to pay interest subsidies for restructuring Ceylon Petroleum Corporation's debt. Department of Public Enterprise 130,000 2 To help banks cover extra interest costs for senior citizen savings. Department of Development Finance 32,641 3 To the Treasury Operations to cover exchange losses on dollar accounts due to a stronger rupee. Department of Treasury Operations 18,000 4 To account for the fuel donated by Japan for health sector needs and customs duty payments. Minister of Health 10,826 5 To cover the cost of school uniform fabric donated by China. Minister of Education 9,829 6 To the Air Force to cover the value of two airplanes from the USA and related taxes. Sri Lankan Airforce 8,331 7 To the Ministry of Finance to reimburse payments to consultants for debt restructuring. Minister of Finance, Economic Stabilization and National Policies 3,213 8 To increase the daily allowance for students’ school nourishment program from Rs. 85 to Rs. 110. Minister of Education 1,800 9 To help small-scale fishermen in the north and east through aid from China. Minister of Fisheries 1,533 10 To increased pension allowances for retirees. Department of Pensions Operations Activities 1,400 11 To cover rising food costs and more inmates in prisons. Department of Prisons 1,400 12 To increase provision to the Ministry of Defence to compensate for restoring properties damaged by natural disasters. Minister of Defence 400 Total 219,373
Data
Reports
Acts and Gazettes
Insights
Dashboards
Annual Budget Dashboard
Budget Promises
Fiscal Indicators
Fuel Price Tracker
IMF Tracker
Infrastructure Watch
PF Wire
About Us
EN
English
සිංහල
தமிழ்
;
Thank You
Free and Open Access to
Public Finance Data and Analysis
Home
Insights
All
Agriculture and Irrigation
Articles
Budget 2021
Budget 2022
Budget 2023
Budget 2024
Budget 2025
Civil Administration
Debt
Defence and Public Order
Education
Employee Provident Fund (EPF)
Energy and Water Supply
Environment
Expenditure
Financing
Health
International Monetary Fund
Maldives
Revenue
Social Protection and Welfare
Transport and Communication
Urban Development and Housing
Tags
All
All
Action Plan
Actual
Annual Report
Appropriation Bill
Asset Management
Audit
Bank
Bonds
Budget
Central Bank of Sri Lanka
Compensation
COPF
Corporate
Covid
Customs Duty
Customs
Debt Management
Debt
Deficit Financing
Development
Disaster
Elections
Employee Provident Fund
Employment
EPF
ESC
Estimate
Excise
Expenditure
External Debt
Finance Act
Financing
Fiscal Policy
Gaming Tax
Gazette
Grant
Health
IMF
Income Tax
Loans
Macroeconomics
Ministry of Finance
Motor Vehicles
National Evaluation Policy
NBT
PAL
Parliament
Performance Report
Procurement
Progress Report
Project Progress
Provincial Council Budget
Public Finance
Remuneration
Reserves
Revenue
Scams
SCL
SOEs
Stamp Duty
State-Owned Enterprises
Tax Exemptions
Tax Incentives
Tax Reforms
Tax Revenue
Tax
Telecommunication Levy
Tobacco
VAT
vote on account
Data
Reports
Acts and Gazettes
Insights
Filter by year
From
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
To
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sri Lanka Railways: Track Record of Losses
The Department of Sri Lanka Railways (SLR) has been running at substantial losses over the past several years. In the last 10 years, between 2010-2020, SLR has accumulated a loss that amounts to LKR 331 Bn, larger t...
2021-09-24
View Insight*
Sri Lanka Transport Board’s (SLTB) is making a loss in 2020 for the first time since 2016
Annual operating profit of SLTB has declined substantially by 250 % in 2020. SLTB has been operating profitably from 2017 onwards. However, an operating loss of LKR 2,3...
2021-08-09
View Insight*
2021 Budget allocation for Road Development
The total allocation for Road Development in the 2021 Budget amounted to LKR 375 billion. This consists of LKR 350 billion allocated for the Ministry of Highways and LKR 25 billion allocated to the State Ministry of Rural Ro...
2021-05-28
View Insight*
Expenditure on the Transport & Communication Sector (2010 – 2019)
2021-05-26
View Insight*
Has the Government Fulfilled its Policy Promises in the Transport Sector Through the 2021 Budget?
The National Policy Framework: Vistas of Prosperity and Splendour is the government’s official policy document. As such the government is bound to implement the policies mentioned in this policy document. For the majority of t...
2021-04-05
View Insight*
Who are the Owners / Lessees of ports and terminals in Sri Lanka?
Before 1999, all ports and terminals in the ports used to be 100% owned and managed by the Sri Lanka Ports Authority (SLPA) — a State Owned Enterprise of the Government of Sri Lanka. For the very first time, the SLPA signed a P...
2021-03-26
View Insight*
Budget 2021: Transport
The 2021 Budget Debate continues, and today the Sri Lankan Parliament discusses the allocations of the Ministry of Transport & Ministry of Highways. Here are all the budget proposals relating to the transportation sector.
2020-12-08
View Insight*
Have Governments Fulfilled their Transport & Communication-related Budget Promises?
Have consecutive governments stuck to their budget promises? In the past, governments have displayed deviations to their expenditure commitments. Here is a snapshot showing the dev...
2020-08-15
View Insight*