Rich

A Balancing Act: Can Sri Lanka Overcome Regional Income Inequalities?

Although Sri Lanka has managed to reduce income poverty, income inequality has remained unchanged for more than four decades. The richest 20 per cent enjoy more than half the total household income of the country, while the poorest 20 per cent get only 5 per cent. Furthermore, income gaps between different regions is even wider than the income inequality at the national level. In this blog, the author highlights that the imbalances in opportunities and wide gaps in income levels, as well as in living conditions, among regions and between the rich and the poor, should be addressed immediately.