OREANDA-NEWS  Vladimir Putin signed a law on the establishment of a living wage in 2023 in the amount of 14,375 rubles, the document is published on the official Internet portal of legal information.

Thus, this indicator will increase by 3.28 percent, or 456 rubles, compared to 2022 (13,919 rubles). According to the document, in 2024 the subsistence minimum will increase to 15,049 rubles. The decision on the level of PM is based on the projected poverty line for the coming years.

The innovation also suspends the current legislation on the subsistence minimum. The subsistence minimum is a legally established minimum level of income necessary to maintain a certain standard of living in a country or region, including for a person belonging to a specific social group.