Halving Poverty in Russia by 2024 : What Will It Take?

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 percen...

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Bibliographic Details
Main Author:	World Bank Group
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	POVERTY REDUCTION REDISTRIBUTION INEQUALITY SHARED PROSPERITY POVERTY RATE SOCIAL ASSISTANCE TRANSFERS SOCIAL PROTECTION PUBLIC EXPENDITURE
Online Access:	http://documents.worldbank.org/curated/en/367311545159150385/Halving-Poverty-in-Russia-by-2024-What-Will-It-Take http://hdl.handle.net/10986/31041

id	okr-10986-31041
recordtype	oai_dc
spelling	okr-10986-310412021-05-25T09:20:57Z Halving Poverty in Russia by 2024 : What Will It Take? World Bank Group POVERTY REDUCTION REDISTRIBUTION INEQUALITY SHARED PROSPERITY POVERTY RATE SOCIAL ASSISTANCE TRANSFERS SOCIAL PROTECTION PUBLIC EXPENDITURE 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. 2018-12-19T21:28:55Z 2018-12-19T21:28:55Z 2018-09-01 Report http://documents.worldbank.org/curated/en/367311545159150385/Halving-Poverty-in-Russia-by-2024-What-Will-It-Take http://hdl.handle.net/10986/31041 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Poverty Assessment Economic & Sector Work Europe and Central Asia Russian Federation
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	POVERTY REDUCTION REDISTRIBUTION INEQUALITY SHARED PROSPERITY POVERTY RATE SOCIAL ASSISTANCE TRANSFERS SOCIAL PROTECTION PUBLIC EXPENDITURE
spellingShingle	POVERTY REDUCTION REDISTRIBUTION INEQUALITY SHARED PROSPERITY POVERTY RATE SOCIAL ASSISTANCE TRANSFERS SOCIAL PROTECTION PUBLIC EXPENDITURE World Bank Group Halving Poverty in Russia by 2024 : What Will It Take?
geographic_facet	Europe and Central Asia Russian Federation
description	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.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Halving Poverty in Russia by 2024 : What Will It Take?
title_short	Halving Poverty in Russia by 2024 : What Will It Take?
title_full	Halving Poverty in Russia by 2024 : What Will It Take?
title_fullStr	Halving Poverty in Russia by 2024 : What Will It Take?
title_full_unstemmed	Halving Poverty in Russia by 2024 : What Will It Take?
title_sort	halving poverty in russia by 2024 : what will it take?
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/367311545159150385/Halving-Poverty-in-Russia-by-2024-What-Will-It-Take http://hdl.handle.net/10986/31041
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Halving Poverty in Russia by 2024 : What Will It Take?

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