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Sunday, 23 March 2014 - 19:29
Fiscal policy measures needed to redistribute income
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Inequality in income distribution in Sri Lanka has increased continuously according to statistics published by the Department of Census and Statistics and analysts warn this would lead to social issues unless appropriate fiscal policy measures are taken to redistribute income.

The percentage share of household income of the poorest 20 percent of the population has declined from 5.4 to 4.4 from 1995-96 to 2012, according to the household income and expenditure survey data.

The percentage of household income of the richest 20 percent of the population has increased from 50.3 percent to 53.5 percent while the share of the household income of the middle income group declined from 44.5 percent to 42.1 percent.
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