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Tuesday, April 16, 2024

Minimum monthly expenditure per person in Sri Lanka: 2019 – Rs. 6966; 2024 Rs. 17,014.

The minimum expenditure required by a person to fulfill the basic needs for a month has gone up by 144 percent in January, 2024 when compared to 2019, the Official Poverty Line declared by the Department of Census and Statistics (DCS) has revealed.

Additional Director General (Statistics) of the Department Shyamalie Karunaratne said a person to fulfill the basic needs required only Rs. 6966 per month in 2019 whereas a person to fulfill the same needs now requires Rs. 17,014.

She said a family of four members needs Rs. 68,056 to fulfill the basic needs as per the Official Poverty Line calculated based on statistics of the Household Income and Expenditure survey.

Ms. Karunaratne said the Official Poverty Line has gone up during the last four years due to the drastic increase in inflation.

According to the District Poverty Line, Colombo and Gampaha recorded the highest of 18,350 and 18,256 respectively while the lowest of Rs. 17,090 was recorded in Ratnapura District.

Ms. Karunaratne said the prices of goods should be dropped by a considerable amount to see a reduction in the Official Poverty Line.

Daily Mirror/ By AJITH SIRIWARDANA

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