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    Economic growth - revelation by Harsha de Silva

    sashimaal
    sashimaal
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    Economic growth - revelation by Harsha de Silva Empty Economic growth - revelation by Harsha de Silva

    Post by sashimaal Thu Aug 07, 2014 9:32 am

    (Taken from Dr Harsha's FB page)

    Revelation: The average Sri Lankan household real income grew by a mere 3% during the last 6 years.
    President Mahinda Rajapaksa and his officials are saying that our economy grew by an average of 7.5% annually over the last six years in real (after inflation) terms. Even though there are serious doubts about this figure we have no other alternate figure to go by. So let us assume there was this growth. BUT, the official statistics that I was able to extract after many years of questioning in Parliament show that real household income grew on average by only 0.5% annually during the same period. There is a huge discrepancy between 7.5% on 0.5%.



    Of course I am not saying all growth should accrue to the household but what this shows is that it makes sense why people are asking everywhere I go "How come we are not benefiting from all this investments and growth?" or "How come I cannot have three square meals a day?"

    So, now the data proves what is going on, that a very few are benefiting enormously through both quasi-legal (huge profits via quasi-legal mechanisms) and illegal (corruption, for instance USD 14m per Km of single track railway on flat land as opposed to USD 2.25m in the US for similar project) versus the rest who are either salaried employees or doing a small business or agriculture if you consider the income approach to calculate.

    I brought this up during my 'Balaya' debate a few days ago. Watch if you have a few minutes...






    https://www.facebook.com/harshadesilvaunp?fref=nf&ft[tn]=kC&ft[qid]=6044666359445136260&ft[mf_story_key]=-5808252316840073794&ft[ei]=AQLsQcallaf0FhK8YNG4La_13gxyP6elzaNbL9gmmvUYxzj4Pebt2RRpDRVF1N1mTkkwg2Nfiu5M2PLrNFVLnqdjY9IekbcvWg3FVxp_b2J9E14GvySHFrrM6PMQ-GdQ1j7wgP9heNjGOvXydB3_CYihlGBWycdeQB3ag2sBFeMVZFCV5S5XIpYDJyxCDkQBZkaZkM0YVRwopWTJJoXpjoeTW0TSja_JZB2qTyFsmRLihVv8QwmHnyscJBdVmHukJT0J29XijARfL0g2i8x8_pNHdGWtH7-2CQ9XrRfwTgGPan_07KTcmef0v1VSIEZnzLoy3TxuPbRoaxI42s4F1kP5GU13YWHpgJPkZzRCNI0oCmFap1JBoGqavPJ91U9Ax2bxvicQ_3x6xD3_VxC7D_WiZOORHmv2gOEoQyArJrlpwsjwVQRabf--O0yDqVbpqD-QeEmTX7JzSsZqDV5O6hZq312nt6qGcOsEm7-WydRalUzSNN2B6sige54Ir74IlamSwTiNhupinECxCKrtuosIEOqLwjh0B2-2h5MahRatg5VKxqgmyfzXzd56J7fCXkHYJoFsvGf_U42VcoVCYxx_qedWaBT6MiZIf3DJx_SxIixdY6w_CNlc9l4zrLMmJsK-32i927L0lCksRcPyPM4nuZL_Ztb-LGqFOsgjJQxWt9I4f6gUQnqtd6pczy0DZ90i3UetyxVA-2ZRhUoR5f9HlWwewoSd8alOvugoJ0c7b6v3rT1fQS-RbIqPqTHTQwxEi-7fKMkDh7GNuBQWMzK4Wab6D_MSujYOtDMp6bjpOZ85XK6cwyyO_EX9em-4xbsDBa2YTbpigWkJq_V9mZ7AFgkTbN1129UAfGF1T0rafnENdutYkW6yTeIaCIhF7UgN7X5amuN4bHFJYrJXo3V97xHq6ghxfpzPH6w6yFvtpcyBxny60YLbJvs-_DpIFMPskCSJKyw4MmjvafLscfyan7_I7w0cnEjenTTmp3hR4GbwSxtdJrbOaW8D7vNNIywzmVsTvObCwLW_8MdOyzRixmgAwkNxFUck3bvOn-Xur0RLvQ28L4JgmwyMYVcp-h90tjwJK5CfbAHn8-YAFhuVjGYKFyniji538hYTayvHaRlV_zJXKqaf6sXopjgon4-DHcm1RA8yaBr12Q8vbISMkfE1HC3nvFgo8x_4sY9IW79yS_kUpGeQPdljhBlMeVTqvZSKynMcc_uAbNnZdkcK_zDQVrN4HusT8KuJV2hhfSzWhzayHo6s2248ECNfJh1L-G6QsgKKWtyrM5MMDH45RYLpfxt76wnl_3Ib_mhv7KaoawMls5R0G1HlX1nLvtmhMRFCtWUv1g4Osj67cL4jj3jj0k1MOC3S7BIE_lDxqnsF32Z5pLtKyyrtvZMSmwWYLpVfy6dTpuxBwwgqQvwrG-4zXJi6TE7ImzV_wExEAjiIE5smgaUlCNKBj_XYNJbDzEwzF-jFTePDtf2NnPpMcyW10DngqkhCecdsAAfWx5CsOH_pqrm-3wz3W60Ftjo0LhOpfEFTvUu-wddIBHzfgnecMcwZK84C84PQdCjEvVVpAXqz88_LbfWUsctliPBnABpNrFQeaHPjwzVRZ_Povwdo9WfAQVgczOr5j7rQxGWdZMv-U5TlLmmYEopJ_SOwD7LYyfJJi2K1y3lWPAJzVcEjZgARmGyfO2ThFTZmrRArTRTRdnGoJeh7J4VPbju1Ax544Dkg8Qe13SEsPsa4M1sYo61OR4nqSphBYwMNZy3YW7Xt5CmDgqUgnKIccpT8Gf7-dD4J1TrU-UwSoUeSQ-ySfwgzMngEaEMeNekssrNVYph8xiIReot5speeWAxU1Vqpgj0VJF2CNBER44IiG4bRjg8sC_JlABXWfdr7_DTvqfayUaOU816qpNzOe-EqJmwMGoxm7ltKe_88VvNLpniul5Y44N3k8hVjutQar-f64OnkHVIJZHJznSc0N21086mI0syNRFLCDE0Q8N4QnxsU13Z2an46A52MYjK3q_EmyaVkVQ4xp6zSI9FFhu892PmuLiL5L2SuNgQrWeH9qLQny4OtBMazOb95nQsnkOnZB93vlxRusu_KFV-lWP1FxnMCepwOzsBA4aXNCBkr3Oq2jI3qsPr_F4T1n4lf345wjLRQfRoNHjqmP0WoHKH7j_xUwmEtJsAew0JO_JwnyVkK3ceWKW0UGZSJHwB8GGREKpfRAvTRd5w1SlbCUjOth9FUo61fNpIHyDSleLSOasimVHcMk0W1JqtH6L-Tw9K9qTDjhmKL1ZHWjv4N5JgALdjK5HdT_0j6fMmMpf5PqU5WdrTolmOBF8n2gcnpYKx_LLgkKjlGT76ZfpDkPG03MwMsor0XqiD_mFqL1ktEoXMfPQ7Vh0weMizlYr_kDSF4dPwFCO6FOmnt8Dd1H7oC3ImHWagNqM3gRgRMuMvLVaIdIuHkOv7rtxORQ_q2t9g2NOzgNuFZr5QtIp08cYEt7HcnfI0G28yeSolBR1RFIqLRSNUUzFK_txR6-K7e0H9EsuRYgxWb3ibyckPCfjCVHjC6JxZUTOWho-sr0JVQRMq2tu7h2C49Hrsn9v-X6uD90RpFHKtMgkTbaV-bnV-Dgb5XQLkYs9epQecG_hckEdR_e6XcXX4Kg3Cq_X8SqmJQYx5HmoO286hZCCdnjRFXkhjM7Xiy44j6vsik-S2KPRBIL94zHi_XszWFZOdGKYJk4apOPpMElDYXDkhdxl61LQlZ-F9W45dLcSWVIhmC08Wp1v_0EzBFlHlt0_oSqbtAW2ayvje_gO6G9-jHd4fzrPPMw6XeK7XjDKakP2bZWC4to4mdvFi2I0-aWVYI5rlMPG2-Cwo1ZzeFwd-LWBsMJTW-NfY-xoLyuWCK7tqKi3R01EgVw_9qIfaK5k0R3KcAH3NbZ5h9xLSMDzjzqlgdCWRnZ5MNlcqo0TLmtKtHll0b6mbymg9ha8UbshozvHw9biIn2HynjTvPDIfA-FpVf7oLsrUFinDXA7BtaLCTD8mXVjQmvRdqnzFN1jtZ4nLhaelpSJVwVjCYvFQVW_VbM1dZGXnPmCDg2zB1A1KneFQroLy1zwUVEmcjqpMPjW-lRr3yrAeHXfEBHULxUGpKtn_rgRrUUvUCr1gUuCrkveYTHBuh_8Y7ShAHYR2rnv_VpV8R1HqZms41rM2pi7bWmtvHs9LFXlmjA4fZIl1zq6Vaxc7Ho4SfuybZ51KXNhsDJ1P2F9DT4RsgL-250SA&ft[fbfeed_location]=1&ft[insertion_position]=11&__md__=1

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