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Cabinet approves strategy to overcome poverty by 2020

The level of poverty is expected to go down from 28 per cent to 15 per cent.

Cabinet approves strategy to overcome poverty by 2020
Photo: EPA/UPG

The Cabinet of Ministers has approved the strategy of overcoming poverty by 2020, Deputy Prime Minister Vyacheslav Kyrylenko has said at a government meeting.

According to Social Policy Minister Pavlo Rozenko, this strategy outlines the key government efforts aimed at tackling poverty until 2020.

The level of property is expected to decrease from 28 per cent to 15 per cent. For working citizens, it is supposed to go down from 18.5 per cent to 11 per cent.

Unemployment is expected to go down to 9 per cent.

The World Bank has raised the international poverty line to 1.9 dollars a day, or 57 dollars a month.

The current subsistence level in Ukraine for able-bodied citizens is 1,496 hryvnyas, or roughly 56 dollars at the current exchange rate.