According to the Central Bank information reports, the actual value of the salary of a public sector employee (tangible) has decreased by thirty six percent (36%) and the actual value of the salary of an informal private sector employee by about twenty percent ( 20%) between 2020 - 2024. has decreased Mr. Wasantha Atu Korala, Professor of the Department of Economics and Statistics at the University of Peradeniya, has announced to a major newspaper.
He also mentioned that the real value of wages has seriously weakened the purchasing power of the people.
The professor states that considering this, the actual value of the salary of a person who received a salary of fifty thousand rupees by the year 2020 has come down to thirty two thousand rupees.
He further stated that the actual value of the salary of a person who received a salary of one lakh rupees (100000) is 64000 rupees.
Mr. Athukorala also says that the actual value of the salary of a person who received a salary of two lakh rupees is one hundred and twenty eight thousand rupees.
Thus, while giving further comments to the newspaper, he has further stated that the purchasing power of a person who has a salary of more than 100,000 rupees has also decreased due to having to pay taxes.
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