The Ministry of Labor will propose a new model for assessing the level of poverty in Russia

The Ministry of Labor will submit to the Russian Trilateral Commission a draft government decree that introduces an additional tool for assessing poverty in the country, Kommersant found out. The corresponding project will be presented at the meeting of the commission today. According to the document, the “poverty line” will be an indicator that complements the subsistence minimum. The indicator will take into account the level of general inflation, and not a change in a narrow “minimum” set of consumption. The target will be the first indicator calculated on a quarterly basis. The second, tied to the median income, will remain the basis for calculating benefits. For details, see Kommersant’s article Poverty in Two Dimensions. …

Leave a Comment