July 14th, 2017

International Labour Organization: Extreme poverty in Hungary could be eliminated for less than 0.01% of GDP – The Budapest Beacon

That’s USD 17 million, compared to USD 20.8 million just spent on the six-week anti-Soros ad campaign.

According to the International Labour Organization (ILO), an agency of the United Nations, extreme and moderate poverty in Hungary could be eliminated for about USD 17 million (HUF 3.4 billion) — that’s 0.01 percent of Hungary’s GDP. Living in extreme and moderate poverty means one lives on less than USD 3.10 purchasing power parity (PPP) per capita per day.

Last year, Eurostat found that almost 10 percent of Hungarian workers live in relative poverty (even after receiving state support!), which means they earn less than 60 percent of the median income. Eurostat’s figures for 2016 showed an increase of almost 2.6 percent since 2014.

Source: ILO: Extreme poverty in Hungary could be eliminated for less than 0.01% of GDP – The Budapest Beacon

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