Poverty line updated in Uzbekistan
Economy
In Uzbekistan, the minimum amount of consumer spending has been increased from 568 thousand soums to 621 thousand soums.
The minimum cost of consumer spending, calculated for 2024, amounted to 621 thousand soums per person per month (20.7 thousand soums per day). This is reported with reference to the statistical agency: http://Gazeta.uz
The indicator used to determine the poverty line in the country increased by 9.3% (it was last increased from 498 thousand soums in July 2023 to 568 thousand soums).
In world practice, the use of the minimum consumer expenditure indicator as a poverty line is widespread:
identification of the target group of the population in need of material and other social support from the state;
use when establishing the country's poverty line and taking into account the real consumer characteristics and requirements of the population of the target group;
increasing the effectiveness and focus of the tasks and measures established by anti-poverty strategies and programs, as well as their continuous monitoring;
the establishment of a minimum amount of pensions and benefits is also used as a criterion when providing other types of material support to low-income families.
The indicator used to determine the poverty line in the country increased by 9.3% (it was last increased from 498 thousand soums in July 2023 to 568 thousand soums).
In world practice, the use of the minimum consumer expenditure indicator as a poverty line is widespread:
identification of the target group of the population in need of material and other social support from the state;
use when establishing the country's poverty line and taking into account the real consumer characteristics and requirements of the population of the target group;
increasing the effectiveness and focus of the tasks and measures established by anti-poverty strategies and programs, as well as their continuous monitoring;
the establishment of a minimum amount of pensions and benefits is also used as a criterion when providing other types of material support to low-income families.
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