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Kudrin: poverty level in Russia may rise

Kudrin: poverty level in Russia may rise
Photo: audit.gov.ru

The head of the Russian Audit Chamber, Alexei Kudrin, said that the level of poverty in Russia in 2020 could rise again. Opposite forecasts have previously been reported.

At a meeting of the Federation Council Committee on Budget and Financial Markets, Aleksey Kudrin said that there would be no major changes for the better in the country. According to him, the least that can be counted on is non-poverty reduction. The reasons for this disappointing forecast are insufficient structural changes in government spending. According to Kudrin, it is necessary to invest more in human capital.

Last year, it announced an imminent reduction in poverty. According to the forecasts of parliamentarians, in 2020 the number of those living below the poverty line should have decreased by one million people. Chamber of Accounts questioned such an optimistic plan in early March. Total below the poverty line for 2019 was 18,5 million Russians, about 80% of which are families with children. 

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