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Economy 29/08/2021 The procedure for calculating the cost of the minimum consumer spending of the population has been determined
The procedure for calculating the cost of the minimum consumer spending of the population has been determined

Tashkent, Uzbekistan (UzDaily.com) -- A Government Resolution "On the introduction of the procedure for calculating the cost of minimum consumer costs" was adopted.

In accordance with the resolution, the indicator of minimum consumer spending is used as a criterion (or threshold) of poverty.

From 2022, the criterion of average per capita income per month, used in the process of recognizing a family as low-income through the information system "Unified Register of Social Protection", will be equated to the minimum consumer spending.

The forecast parameters of the minimum consumer spending by August of each year are calculated based on inflationary expectations.

Minimum consumer spending and poverty rates are determined based on the inflation rate for the reporting year and are published by January 20 of the following year.

The structure of minimum consumer spending is reviewed at least once every 5 years. 

The Resolution approved the Regulation on the size of the minimum consumer spending of the population and the procedure for calculating the poverty line.

 

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