Wednesday, April 11, 2012

Over 1.5 million Sri Lankan families are recipients of less than 12 $ poverty allowance

Sri Lanka government says steps have been taken to increase the poverty allowance of the low income groups with effect from April 01.

The poverty allowance Samudhi has been increased by 33% in line with a budget proposal of the government, says the Minister of Economic Development Basil Rajapaksa.

He said that the allowance will be granted in three categories. Accordingly, the category of Rs. 250 to 615 has been increased to Rs. 750, (Less than 06 $) per month. The category of Rs. 900 has been increased to Rs. 1200 (little over 09 $) per month . The category of Rs. 1500 remains same (less than 12 $).

There are 1,583,961 recipients of Samurdhi allowance and the government spends over Rs. 45 billion per month for Samurdhi.

According to Central Bank of Sri Lanka GDP per Capita at Market Prices is Rs. 271,259 or US$ 2,399 in 2011.

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