Thursday, July 16, 2015

Ending extreme poverty requires $100 million. Public social safety nets are limited and account for 1.04 percent of the GDP


Government spending on social safety nets accounted for only 1.04 percent of the Gross Domestic Products (GDP) in 2013, according to the World Bank report, Social Safety Nets 2015, published this month.

Safety nets typically cover social assistance through private money transfers to households, healthcare insurance, and labor market programs such as pension schemes.
"If this share of Government spending on social safety nets were higher, the country could limit extreme poverty", said H...

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