President Anura Kumara Dissanayake, in his capacity as the Minister of Finance, presented the Appropriation Bill for the year 2027 to Parliament today (12).
The 2027 Budget proposes the implementation of a concessional housing loan scheme offering up to 5 million rupees to address the housing needs of migrant workers.
Accordingly, an interest subsidy of 10% will be provided for the first 3 million rupees, while a 5% interest subsidy will be provided for the remaining 2 million rupees.
Regarding the interest subsidy for the first 3 million rupees, it is proposed that the government contribute 6%, and the Sri Lanka Bureau of Foreign Employment contribute 4%.
Furthermore, for the interest subsidy on the remaining 2 million rupees, the government is set to contribute 3%, with the Sri Lanka Bureau of Foreign Employment contributing 2%. A sum of 1,000 million rupees is set to be allocated as a government contribution in 2027 to implement this interest subsidy scheme.