Sri Lanka made a steady progress in reducing poverty

Wednesday, 05 June 2013 - 14:48

Sri+Lanka+made+a+steady+progress+in+reducing+poverty

Sri Lanka is well poised to meet the Millennium Development Goal of halving the frequency of Income Poverty before the target year of 2015, from the 2005 level.

 

The Ministry of Finance and Planning in its Annual Report 2012 on current economic trends in Sri Lanka said The number of poor living below the poverty line has reduced from 15.2 percent in 2006/07 to 8.9 percent in 2009/10 and has further declined to 6.5 percent in 2012.

 

During the same period, inequality has also reduced from 0.4 to 0.36 as reflected in the Gini Coefficient as per the said Household and Income Expenditure Survey.



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