A new value of subsistence minimum has been set in Russia

The Prime Minister of Russia Mikhail Mishustin signed a decree establishing the size of the subsistence minimum for 2021 in the amount of 11 653 rubles. This was reported by TASS on Saturday, January 9th.

Thus, for the working-age population, the subsistence minimum has been increased to 12,702 rubles, for children it is 11,303 rubles, for pensioners – 10,022 rubles.

In addition, the cost of living is set for a year, not a quarter.

On January 1, a law came into force on a new methodology for calculating the minimum wage and the subsistence level, which implies their determination based not on the consumer basket, but on the median per capita income.