Sri Lanka will able to achieve its target of a per capita income of USD 4,000 by 2016 faster than planned and that the planned target could be increased to USD 5,000, says the Finance Ministry secretary.

Finance Ministry Secretary Dr. P.B. Jayasundera revealed this while addressing a ceremony to release the Central Bank’s 2013 Annual Report at the Central Bank of Sri Lanka (CBSL) auditorium.

According to the CBSL report, Sri Lanka’s per capita income has increased USD 3,280 in 2013 while it had been USD 2,922 in 2012.

During the event, Dr. P.B. Jayasundera further added that in 2014 Sri Lanka’s per capita income would rise to around USD 3,800 and to around USD 4,400 by next year.

He expressed his belief that by 2016 Sri Lanka could increase its per capita income to a target of around USD 5,000.

Sri Lanka had earlier planned to increase the per capita income to USD 4,000 by 2016.

The CBSL Annual Report was ceremoniously handed over by Gevernor Ajith Nivard Cabraal to President Mahinda Rajapaksa this morning at the Central Bank auditorium in Colombo.