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TOOL · GROSS COST

How much would a basic income cost in Sri Lanka?

Calculate the gross annual cost of paying a monthly amount to the country’s adult and child population.

Adult population 17,109,246child population 4,927,754year 2023World Bank WDI

GROSS ANNUAL COST

187,902 million

in LKRLKR 187,901,980,800

Equal to 0.7% of reference GDP

Population covered: 22,037,000 people

Adults: 17,109,246 × LKR 800 × 12 = LKR 164,248,761,600

Children: 4,927,754 × LKR 400 × 12 = LKR 23,653,219,200

LKR 164,248,761,600 + LKR 23,653,219,200 = LKR 187,901,980,800

Offset benefits, recovered tax, administrative savings and later economic effects are not deducted. This is a gross cost, not a net cost.

Sources and method

Population 2023 · World Bank WDI

GDP 2023 · $84,080,307,356 · World Bank WDI

Currency LKR · exchange rate 327.5065 LKR/USD (2023)

Converted cost $573,735,061 for the GDP share.