This story summarizes the differences between pension and the price of the subsistence minimum, based on the latest five years data
The Georgian Dream party won the 2012 parliamentary elections. One of their promises to voters was that any pension increase would match any increase in the consumer price index, so pensioners would at least receive enough money to meet their needs, as measured by a collection of prices called the minimum consumer basket. So that to identify pensioner's condition is getting better or worse, illustrate the comparison based on the latest 5 years data.
According to the latest 5 years data from official webpage (geostat.ge)of The National Statistics Office the subsistence minimum changed like this
The National Statistics Office calculates the minimum consumer basket using a list of 40 food products, utility bills and transportation costs that was approved by the Ministry of Labor, Health and Social Affairs on May, 8, 2003. Till them, despite the election promise of Georgian Dream the items on the list haven’t changed..
According these chart during the latest five years subsistence minimum is higher than pension
According to the World Bank as more is provision share in the consumer basket ,the poorer is country. For Georgians majority of the subsistence minimum spend for provision
But costs are different for the pensioners.According to the , the Ministry of health , Labor and Social Affairs published official report .In this report pointed out that “for pensioners heavy burden is buying medicines, which costs have been continuously increasing
Also according to this report, pensioners spend the majority of their pension for medicines. During the five years this variables changed 47%-60%.
Dependence between pension and subsistence minimum is negative. Due to the medicines prices increasing pensioners left less money for provision costs.
To sum up, situation for pensioners gets worse. Till this time election promise of 2012 year hasn't performed and stayed only "promise"