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Putin instructs Cabinet to reduce poverty level

The document indicates that the Cabinet was also ordered to lower the level of "poverty of families with many children to 12% and below"

MOSCOW, April 1. /TASS/. Russian President Vladimir Putin instructed the government to achieve reducing the poverty level to less than 7%, according to the list of assignments posted on the Kremlin’s website.

The head of state expects the first from the series of annual reports on March 31, 2025. The document indicates that the Cabinet was also ordered to lower the level of "poverty of families with many children to 12% and below."

The increase in the share of labor payment within the GDP volume against 2023 and growth of small and medium business incomes at a pace higher than for the GDP are among other tasks.

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