Ministry of Social Policy reports Ukraine’s potential poverty rate

Source : 112 Ukraine

According to the results of 2020, it will increase to 45%
11:00, 21 May 2020

A significant increase in Ukraine's poverty rate should not be expected

Ukraine’s Ministry of Social Policy assures that there will be no significant increase in the poverty rate this year - it will increase by only 6.5% compared to last year. This was reported by the Ministry’s press service with reference to the forecast of the Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine.

"According to the results of 2020, the poverty rate will increase to 45% which is 6.5 percentage points higher than in 2019," the statement said.

The Ministry emphasizes that media reports about UNICEF data on "rapid growth of poverty rate from 27.2% to 43.6%" are incorrect and need to be clarified.

Related: Ukraine’s economy to reduce by 5% due to pandemic, global crisis

As we reported earlier, UNICEF predicts that the poverty rate in Ukraine may exceed 50 % due to the Covid-19 pandemic.

According to the data of the organization, before the pandemic, the rate on the absolute criterium made 27.2%. Under the best scenario, it could grow to 43.6%; under the worst, 50.8%.

As for the children in poverty, it is expected that the rate will make from 51.3 to 58.5%. Before the pandemic, it made 32.9.

Related: Why state aid to save Ukrainians from corona crisis is negligible?

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