22/8/2014 5:56
RIA Novosti

Russia

Putin Laments Russia’s Income Gap

Topic: Vladimir Putin's report on the government's work in 2011

Russian President-elect Vladimir Putin addressing the State Duma
14:53 11/04/2012
MOSCOW, April 11 (RIA Novosti)
Tags: Vladimir Putin, Moscow, Russia

Huge income disparity remains Russia’s “main problem,” with the earnings of the richest Russians being 16 times higher than those of the poorest citizens – a gap comparable to that registered in the United States, President-elect Vladimir Putin said on Wednesday.

“Over the past few years, this gap has virtually not become smaller,” Putin, the current prime minister, told the State Duma in his last annual report to parliament before his inauguration as president in May.

In the United States, the incomes of the richest citizens exceed those of the poorest “by 15 times,” compared to a five-fold to seven-fold gap in Germany, Austria and France, Putin said.

Russia’s average salary currently stands at 23,600 rubles ($790), an 18-pecent increase in real terms and a 70-percent boost in nominal terms, he said.

He also said Russians’ minimum wages should be increased to the level of the minimum cost of living “in the next few years.”

Russia’s current minimum wage is about 4,600 rubles ($155), while the minimum cost of living per capita is around 6,200 rubles ($210).

 

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

RIA NovostiRussian President-elect Vladimir Putin addressing the State DumaPutin Laments Russia’s Income Gap

14:53 11/04/2012 Huge income disparity remains Russia’s “main problem,” with the earnings of the richest Russians being 16 times higher than those of the poorest citizens – a gap comparable to that registered in the United States, President-elect Vladimir Putin said on Wednesday.>>

Send by e-mail

All fields are required!




Leave a comment


    Рейтинг@Mail.ru
    © 2014  RIA Novosti
    Some material may be inappropriate for those under 18