Wednesday, November 17, 2010

Over 12.5 million Ukrainians live below poverty line

November 17,2010 (UKRINFORM). The poverty level in Ukraine has increased in January-September 2010, the Accounting Chamber of Ukraine has reported. Some 26.4% of Ukrainians, or 12.5 million people, live below the poverty line. In addition, 9.5 million people live on income below the living wage. The unemployment rate calculated according to the methodology of the International Labor Organization was 8.5%, which exceeded the rate of 8.1% envisaged in an anti-crisis program. At the same time, in the first nine months of 2010 the living wage nominally increased by only 2.2%, but taking into account the consumer price index it actually fell by 4.8%.
The Ukrainian Labor and Social Policy Ministry said that the actual living wage in September 2010's prices was UAH 109 higher than a level of UAH 843 (110USD) legally established for that month.
The Accounting Chamber said that a set of food, consumer goods and services for main social and demographic groups had yet to be reviewed in accordance with the requirements of the law on the living wage. At the same time, the Accounting Chamber made a low assessment of the fulfillment of the 2010 budget in the first nine months.