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Halving Poverty in Russia by 2024 : What Will It Take?.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank Group.
- Series:
- Poverty Assessment.
- World Bank e-Library.
- Poverty Assessment
- Language:
- English
- Subjects (All):
- Inequality.
- Poverty assessment.
- Poverty reduction.
- Services and transfers to poor.
- Social protections and assistance.
- Social protections and labor.
- Local Subjects:
- Inequality.
- Poverty assessment.
- Poverty reduction.
- Services and transfers to poor.
- Social protections and assistance.
- Social protections and labor.
- Other Title:
- Halving Poverty in Russia by 2024
- Place of Publication:
- Washington, D.C. : The World Bank, 2018.
- System Details:
- data file
- Summary:
- We identify the conditions in terms of economic growth and public transfers required to "...reduce poverty in the Russian Federation by one half by 2024" as stated in President Putin's Decree of May 17th, 2018. The current poverty rate is 13.2 percent, and halving it would mean reducing the current rate to 6.6 percent by 2024. We estimate that average annual growth of 1.5 percent would bring down the poverty rate from 13.2 percent to only 10.7 percent by 2024. And even if Russia were to be able to catch up with the rest of the world, and grow at 3.2 percent annually, the poverty rate would fall to 8.1 percent - still below the stated goal of 6.6 percent. Consequently, to reach the Presidential target of 6.6 percent, we estimate that the annual required growth rate would need to surge to 4.4 percent.
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