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Saturday, October 22, 2016

Adviser to Putin: the crisis led to the impoverishment of the five million Russians

The adviser to the President Andrey Belousov has counted in Russia, almost five million “new poor people”. According to him, the increase in the number of citizens with low incomes has become a serious problem for the economy.

photo: Gennady Cherkasov

In the eve of the meeting of the Presidium of the Economic Council under the RF President adviser to the President Andrey Belousov noted the increase in the number of citizens with incomes below the subsistence minimum (in March 2016 is set at 10 187 rubles per month).

According to him, the Russian economy has overcome the crisis, however, the new equilibrium point, the number of poor was much higher, reports TASS.

“The number of citizens with incomes below the subsistence minimum now is 13 percent of the population before the crisis was 10 percent. It’s nearly five million new poor people”, — said Belousov, noting that the recovery of incomes of the population may take several years.

According to the Ministry of labour and social protection, in 2015 the number of Russians living beyond the poverty line, exceeded 19 million people.

Earlier, the chief economist of Vnesheconombank Andrei Klepach called the current unprecedented decline in real incomes and wages of the Russians. “We with the 90-ies of such a shock had no”, — he noted in March.

In may, the economic development Ministry predicted a growth in the number of poor, from 13.1 per cent in 2015, up 13.7 percent at the end of 2017. A peak of 13.9 percent — the poverty rate will reach in 2018. The return of real income by the year 2015 is expected only in 2019.

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