A preliminary estimate of the minimum consumer spending of the population announced in Uzbekistan

A preliminary estimate of the minimum consumer spending of the population announced in Uzbekistan

For the first time in Uzbekistan, the minimum consumption expenditure (MCS) has been announced.

This indicator is used to define the poverty line and take into account the needs of the population.

MCS is 440,000 soums per person per month.

Today, on May 31, IMCA held a press conference "On preliminary calculations of the cost of minimum consumption expenditures in Uzbekistan." Preliminary estimates of the cost of minimum consumption expenditures were announced at the event.

The calculation of this indicator was carried out based on the goals and objectives:

· Introduction of an indicative indicator to determine the target group of the population in need of material and other social support from the state;

· Use of minimum consumer spending to determine the poverty line and take into account the real consumer properties and needs of the population in the target group;

· Increasing the effectiveness and targeting of tasks and measures defined in strategies and programs to combat poverty, along with their constant monitoring;

Based on these goals, as an experiment to calculate the minimum consumer spending with the support of the World Bank in 2020, a survey was conducted among 5,400 households from all regions of the republic.

At the same time, the households participating in the survey were divided into ten groups according to the size of expenditures and 30 percent of the households with the lowest expenditures (incomes) were identified from these families.

Based on the data obtained as a result of the survey, the minimum consumption costs for the necessary daily consumption of food (2,200 kcal), non-food products and services per month amounted to 440 thousand soums per person (taking into account price changes in the current year).

The ratio of the calculated minimum consumer spending to GDP per capita is 26.8 percent, in developing countries it is mainly 4-20 percent.

In order to complete the experiment on calculating the minimum consumer spending in 2021, the State Statistics Committee, together with the World Bank will conduct a survey of 10 thousand households.

Based on the results of these polls, by the end of this year it is planned to approve the methodology for calculating the minimum consumer spending and publish its recalculated amount.

Share this post

Similar news