Achieving full parity in income across large households would require an annual funding level of at least 280 billion rubles. This figure appears in a news item that cites a study conducted within the Finance Sciences Research Institute under the Ministry of Finance, published in the Finance Journal.
The analysis asserts that a yearly allocation of no less than 280 billion rubles is necessary to close the per capita family income gap relative to the official poverty line. The calculations rely on Rosstat’s most recent 2022 data.
Put differently, the proposed amount would bridge the gap between the total monthly family budget and the poverty threshold, which stood at 14.3 thousand rubles in 2023.
According to findings from the Household Economic Behavior Barometer, produced by the Research Institute of Higher Economics, the share of Russians facing financial instability was forecast to rise from mid-2023, increasing from 56.4% to 62.4%.
On March 14, a report from RIA Novosti, citing the Foundation for the Development of Civil Society (FORGO), indicated that the cumulative income of the Russian population had grown by roughly 99.7% over the past decade.
Subsequently, Bloomberg noted on March 15 that the Russian economy was continuing to expand in spite of sanctions imposed by various parties.
Independent observers have projected that real income growth will continue into 2024, reflecting ongoing trends in household purchasing power and living standards.
Taken together, these pieces suggest a complex picture: while certain macroeconomic indicators point to growth, the distribution of income, the persistence of poverty lines, and the stability of household finances remain critical concerns for policymakers and families alike.