Economic Outlook for Sri Lanka

More broadly, public spending on social areas should be maintained to avoid rising income inequality Impact of fiscal crisis on Gini income inequality in Asia-Pacific ESCAP MOVING FORWARD TOGETHER Impact of social spending (1% of GDP) on Gini income inequality 0.6 0.5 0.4 0.3 0.2 0.1 0 0.5 0.0 -0.5 -1.0 -1.5 -0.1 0 1 2 3 4 5 -2.0 Years after fiscal episode Source: ESCAP estimates (Survey 2022). Education Heath care Direct transfers " • ESCAP member States. " Rest of the world. ☐ •

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