Video: Household income plunging: Champika

24 December 2014 06:24 am - 9     - {{hitsCtrl.values.hits}}

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The household income of the economy which at around 45% of the Gross Domestic Products (GDP) in the past has started plummeting at an alarming rate during the past few years and was at a critical 35% in 2013 according to Department of Census and Statistics, JHU General Secretary and ex-Minister Patali Champika Ranawaka said today.

 


“About a decade ago the GDP and household income grew at parallel rates close to 7% but in 2013 while the GDP growth was at 7% the increase in household income stood at a mere 0.3%" the ex-minister said adding that there had been a steady decline in the household income as a percentage of the GDP during the past few years.

 


Addressing an opposition media conference in Colombo, Mr. Ranawaka said “The Statistics Department figures show that in the year 2013 alone some Rs. 700 billion which should have gone to households have been plundered thus depriving each and every family Rs.140,000 of what they should have got in the year”.


“It’s anybody’s guess who would have robbed the people of their deserved share of economy. The average citizen has been forced to scrape the barrel while the leaders of regime and their cronies indulged in lap of luxury” he added.

 

 

 

Video by Sanath Desmond

 

 

 

 

 

 

  Comments - 9

  • KAMAL PERERA Wednesday, 24 December 2014 02:14 PM

    IGNORANCE IS HIGHER THAN THE EVEREST MOUNTAIN !!!

    for a better life!! Wednesday, 24 December 2014 02:36 PM

    @ Chary - you are getting robbed too.... open your eyes...

    Real-Press Friday, 26 December 2014 06:33 PM

    Only champika knows these formulas to work out the unsubstantiated facts.

    dcn Wednesday, 24 December 2014 12:03 PM

    Facts are stubborn and these statistics prove how poorer we are becoming whilst the bulk of the income is squandered by a privileged few.

    charly Wednesday, 24 December 2014 12:07 PM

    If Sirisena comes they will eat green green grass

    funlover Wednesday, 24 December 2014 12:22 PM

    Charly please understand what Mr. Champika is trying to say. Writing silly comments will show your stupidity.

    HAT Wednesday, 24 December 2014 09:37 PM

    Well I think the situation Lanka is at the moment is not bad enough for many of the Lankans still, unfortunately. It will not be a surprise if we see the royal family in the ruling side again post elections.The only reason to vote for the so called king, for many of us still remains the war victory. I do hope that the day does not dawn that people are forced to eat grass and beg for a regime change because the path that our country is heading right now with these rulers is exactly that.

    Cobra Wednesday, 24 December 2014 04:15 PM

    ...and expenditure going through the roof!!!

    wickremasing Wednesday, 24 December 2014 04:21 PM

    What was Champika and Sirisena doing in the government all this time?


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