Actual Data of Subsistence Minimum Considerably Differ from Official Data

According to alternative estimates of the Center for Economic Research (CER) experts, presented to Turan IA, the subsistence minimum for able-bodied population totaled AZN 253.4.

Subsistence minimum for pensioners is AZN 199.9 and for children AZN 259.9.

Calculations show that for a family with one child there should be at least 766.7 manat, and for a family with two children there should be 1026.6 manat.

According to official data from the first January 2017 the cost of living in the country will be set at 155 manat, for able-bodied population - 164.5 manat, for pensioners - 130.2 manat, and for children - 136.6 manat.

To check the official data CER experts calculated the cost of living based on food, nonfood goods and services of ‘The minimum consumer basket in the Republic of Azerbaijan’ approved by decision No. 182 of the Cabinet of Ministers dated June 6, 2014.

The difference between the alternative counts and official figures for the working-age population is 35.1%, 34.9% for pensioners, and 47.5% for children.

At the same time CER estimated expenses for food, which account for 58% of the subsistence minimum for able-bodied population, 67% for pensioners and 61% for children. It is expected that due to the soaring food prices their share in the subsistence level will increase.    ----71D

Leave a review

Economics

Чего ждать после потери Авдеевки? - беседа с военно-политическим экспертом Олександром Мусиенко в "Çətin sual"



InvestPro Azerbaijan Baku & Turkiye Istanbul 2024 – two conferences in one shot


Əziz Bakı şəhəri sakini!

Siz də Qlobal İqlim Dəyişmələri ilə mübarizəyə öz töhfənizi verə bilərsiniz

Dear resident of Baku city!

You too can contribute to the fight against Global Climate Change

Дорогой житель города Баку!

Вы тоже можете внести свой вклад в борьбу с глобальным изменением климата

Follow us on social networks

News Line