14/11/2026
What does Sri Lanka’s Budget 2027 mean for our knowledge and
innovation industry?
The Budget proposes raising the Ministry of Digital Economy’s allocation to LKR 28.5 billion. For Sri Lankan IT companies with products already in the market, the proposed Buy Before Build policy is worth watching. It would give government agencies a reason to consider existing standardised solutions before commissioning new software.
For IT and BPM exporters newly registered for VAT, a proposed six-month turnover test could help eligible businesses qualify sooner for VAT refunds.
Swipe through for five Budget 2027 proposals and priorities for our industry.