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Minimum subsistence level in Russia to go up by 23% by 2017 — economic ministry

May 16, 2014, 20:56 UTC+3 MOSCOW
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MOSCOW, May 16. /ITAR-TASS/. The minimum subsistence level of the Russian population is projected to increase by 22.6% to 8,956 rubles ($257.8) by 2017, the Russian Economic Development Ministry said in a document submitted to the government.

“Starting from 2014, the forecast [of the social and economic development for 2014-2017] does not envision the minimum subsistence level’s faster growth comparing the inflation rate. Therefore, the per capita indicator is projected at 8,956 rubles by 2017 with 22.6% growth on 2013,” the document underlined.

In the next three years, the share of population with incomes below the minimum subsistence will go down from 11.1% in 2013 to 10.2% in 2017.

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