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Over 12% of Citizens Live Below Poverty Line in Russia - Putin
Interfax - 2.2.12 - JRL 2012-20

MOSCOW. Feb 2 (Interfax) - The number of people in Russia living below the poverty line has shrunk by half over the past 11 years, but no serious decrease in these statistics was observed last year, said Prime Minister Vladimir Putin.

"We and Europe have different methods of calculating these statistics. The percentage of citizens living below the poverty line in this country is 26% by European standards and 12.5% by our standards. But irrespective of which standards are applied, the size of this group has shrunk by half over the past 10-11 years," Putin told the Russia-2012 forum on Thursday.

But he acknowledged that citizens' incomes were growing slower than in 2010 last year. Wages grew by about 3.7%, while citizens' real incomes by only 0.4%-0.5%, "given that pensions and benefits were growing at a slower pace than in 2010," he said.

Therefore, no impressive decrease was observed last year in the number of citizens living below the poverty line, although in the previous years the trend was positive. I hope we will continue these positive dynamics this year," the prime minister said.

In the United States, the segment of poor citizens "has been growing, whichever calculation method one may apply," he said. "People won't put up with this today. This is the problem," Putin said.

Keywords: Russia, Economy - Russia News - Russia

 

MOSCOW. Feb 2 (Interfax) - The number of people in Russia living below the poverty line has shrunk by half over the past 11 years, but no serious decrease in these statistics was observed last year, said Prime Minister Vladimir Putin.

"We and Europe have different methods of calculating these statistics. The percentage of citizens living below the poverty line in this country is 26% by European standards and 12.5% by our standards. But irrespective of which standards are applied, the size of this group has shrunk by half over the past 10-11 years," Putin told the Russia-2012 forum on Thursday.

But he acknowledged that citizens' incomes were growing slower than in 2010 last year. Wages grew by about 3.7%, while citizens' real incomes by only 0.4%-0.5%, "given that pensions and benefits were growing at a slower pace than in 2010," he said.

Therefore, no impressive decrease was observed last year in the number of citizens living below the poverty line, although in the previous years the trend was positive. I hope we will continue these positive dynamics this year," the prime minister said.

In the United States, the segment of poor citizens "has been growing, whichever calculation method one may apply," he said. "People won't put up with this today. This is the problem," Putin said.