Bulgaria Strives to Reduce Its Poor 16% by 2020
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Bulgaria has a national goal to reduce its poor people by 260,000 (16 per cent) until 2020 from the level in 2008, Labour and Social Policy Minister Totyu Mladenov said on Monday, addressing a forum on long-term policies against poverty and social exclusion. The event was occasioned by the International Day for the Eradication of Poverty (October 17).
This national goal will be officially approved on Wednesday.
Latest estimates show that the poverty level in Bulgaria in 2008 was 21.4 per cent, compared with an EU average of 16.5 per cent, Mladenov said. Some 1.63 million Bulgarians lived at a risk of poverty in that year.
The national goals include curbing poverty among children, older people, unemployed and employed persons, the Minister said. According to him, an increase of the minimum monthly wage next year is on the agenda of the Government and Parliament in order to push pay rates above the poverty line.
Source: BTA
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