Sri Lanka’s Primary Surplus Shows Strong Growth in Q1 2026 🚀
🏛️ The government has delivered a solid performance in its underlying fiscal operations with a steadily rising primary surplus:
● January 2026: Rs.223 billion
● February 2026: Rs.545 billion
● March 2026: Rs.710 billion
📖 The primary surplus is government revenue minus spending excluding interest payments on debt.
🌟 This consistent improvement highlights better revenue collection and spending discipline — a positive development for long-term debt sustainability.
#SriLanka #government #economy
Submitted case to High Court challenging requirement to pay 25% to #MIRA to challenge their ridiculous tax assessment practices.
Its unconstitutional and amounts to coercion.
#MIRACase2
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Quietly, Sri Lanka is witnessing a new wave of infrastructure and economic recovery efforts across the country.
More than 1,780 small, medium and large scale projects that had been halted indefinitely in 2022 many originally initiated under previous governments are now being revived and completed based on priority needs. For the first time, funding has been systematically allocated to continue these projects instead of leaving them abandoned.
At the same time, Sri Lanka has secured another US$695 million from the IMF following the completion of the fifth and sixth reviews of the country’s reform programme. The IMF stated that Sri Lanka’s reform performance remains “generally strong” despite global economic pressures, while also cautioning that the Middle East conflict and Cyclone Ditwah could still pose risks to the country’s recovery.
In addition, the government is expected to allocate nearly Rs. 2,000 billion (around US$6.5 billion) for development by 2027 without relying on new foreign loans.
Among the major projects planned are:
The Rambukkana–Galagedara expressway, expected to become the first high-speed road through Sri Lanka’s hill country.
The Kurunegala–Dambulla expressway, a strategically important link connecting the North and East.
Both projects are expected to be funded through local revenue rather than external borrowing.
Sri Lanka’s railway sector is also preparing for a historic transformation. With support from the Asian Development Bank, work is expected to begin in 2027 on the Ragama–Maradana–Panadura and Maradana–Makumbura elevated electrified railway lines. This would introduce Sri Lanka’s first electric railway system and mark the transition from Broad Gauge to Standard Gauge rail infrastructure.
A new railway headquarters and control centre near Elphinstone Theatre in Maradana is also nearing completion.
Meanwhile:
The Negombo fishery harbour is being redeveloped to improve both tourism and the livelihoods of fishing communities.
Modern Multi-Modal Transport Hubs are being developed in Colombo Fort, Kandy Goodshed and Anuradhapura with improved accessibility, including facilities for persons with disabilities.
Colombo’s public transport network is set for a major upgrade with 122 new low-floor, double-door AC buses under the Metrobus service from August onwards.
Around 100 railway stations across the country are being renovated and modernised with better passenger facilities.
The years 2026, 2027 and 2028 could become defining years for Sri Lanka’s infrastructure sector, with several major projects expected to progress or be completed, including:
Kadawatha–Meerigama Expressway
Pothuhera–Galagedara Expressway
Kurunegala–Dambulla Expressway
Kelenigama–Horana–Ingiriya Expressway
Getambe Flyover in Kandy
Peradeniya–Kandy double railway track
Bandaranaike International Airport Terminal 2
Colombo Port’s WCT and ECT-2 developments
Whether viewed with optimism or caution, Sri Lanka appears to be entering a period where economic stabilisation and long-delayed infrastructure ambitions are gradually moving forward together once again.
Many of the palm trees I see on the islands are not healthy. When I asked why, I was told, “At first, a white substance appeared on the palm trees, later turning into a black oily paste that drips onto other plants and spreads.” Sadly, it has already spread across the Maldives. The disease doesn’t only affect the leaves; it spreads through the trunk as well. This is deeply worrying for the entire coconut palm population, and it’s happening right before our eyes. The government must act.
My call to redirect Dubai FDI toward Colombo is now being echoed by @GFmag.
Sri Lanka records a historic $1.06B in FDI—signaling a strong economic rebound despite recent natural disasters.
Read more: https://t.co/NysrZTdAWY
Temasek asks- where should we invest next?
Khazanah often has to ask- what do we need to fix next?
That one difference changes everything over 30 years.
🇱🇰🇮🇳 India’s Ambani is eyeing control of 99 tanks at Sri Lanka’s Trincomalee Oil Farm for 99 years.
This project plans to link the terminal with Visakh Refinery in Andhra Pradesh, securing india's strategic reserves and positioning Sri Lanka as a hub for international oil trade.
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These are serious concerns raised by the Maldives Air Traffic Controllers Association. @matca_info
There’s a high volume of air traffic daily in Maldives with hundreds of aircraft movements involving mix of aircraft types across airports scattered throughout the country.