Central Bank says incomes of rich people grew faster over the last five years

Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

Central Bank says incomes of rich people grew faster over the last five years. Central Bank says incomes of rich people grew faster over the last five years. The bank, which released preliminary findings of its consumer finance and socio-economic survey, says living conditions and real incomes have however, improved across the board.

“That the rich has got richer, the poor has got poorer is wrong. The rich has definitely got richer but the poor also had got richer. The Gini coefficient of income inequality has not changed for 50 years. It has been between .46 and .45 but the income distribution has not improved,” said Anila Dias Bandaranaike, Director, Statistics Central Bank.

“The real income is rising faster in the middle and the upper groups and among poor,” she said.

The Central Bank says the peace process contributed positively to the improvement of living condition all over the country.

“In the estate sector people are finding more employment outside and remitting money. Because of the ceasefire there is no ID checking etc. and people who come from outside