Kazakh Government to study differentiation of incomes - President
ASTANA. April 10. KAZINFORM Today the Head of State has instructed the Government to study the issue of differentiation of incomes during the meeting of the Business Council under the President of Kazakhstan in Akorda.
According to Nazarbayev, 8% of households have a monthly income of less than KZT 15 thousand per person.
"The government should study the experience. According to Gini coefficient, we have it while 6%. It is dangerous. when it is close to 10%, it's bad," the President noted.
According Nursultan Nazarbayev, many states specifically are working on this issue.
The Gini coefficient measures the inequality among values of a frequency distribution (for example levels of income). A Gini coefficient of zero expresses perfect equality, where all values are the same (for example, where everyone has an exactly equal income). A Gini coefficient of one (100 on the percentile scale) expresses maximal inequality among values (for example where only one person has all the income).