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Pandemic alone increased Sri Lanka’s poverty by 27%, reveals CRI Index - newsfirst.lk - India - Sri Lanka - Nepal - Pakistan - Bhutan - Afghanistan - Nigeria - Yemen - Uganda - South Sudan - Timor-Leste
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Pandemic alone increased Sri Lanka’s poverty by 27%, reveals CRI Index
COLOMBO (News 1st) – The 2022 Commitment to Reducing Inequality (CRI) Index, a report released by OXFAM highlights that the pandemic alone has increased Sri Lanka's poverty by 27%.The report, which is the first detailed analysis looking at Governments' policies and actions to fight inequality during the first two years of the pandemic, presents an analysis of spending, tax and labour policies and actions of 161 governments during 2020–2022.In comparison with neighbouring countries, Sri Lanka has placed 111th in the report, while other countries include Nepal (112th), Bhutan (116th), India (123rd), Pakistan (126th), and Afghanistan (138th) out of the total 161.Two years ago, Sri Lanka ranked in 94th position among 158 countries in the 2020 Commitment to Reducing Inequality (CRI) Index, and in comparison with this year, has gone down 17 places.The report highlights that Sri Lanka is the sixth lowest public services spender out of 161 countries and has been cutting the already low health and education budget shares by one-fifth each since 2019, due to a growing debt crisis which is absorbing 60% of the country's budget.The other countries that have ranked as low as Sri Lanka in public spending includes South Sudan, Timor Leste, Nigeria, Afghanistan, Uganda, Nepal and Yemen.
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