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TOOL · GROSS COST

How much would a basic income cost in Russia?

Calculate the gross annual cost of paying a monthly amount to the country’s adult and child population.

Adult population 118,635,010child population 25,191,120year 2023World Bank WDI

GROSS ANNUAL COST

1,259,813 million

in RUBRUB 1,259,813,472,000

Equal to 0.7% of reference GDP

Population covered: 143,826,130 people

Adults: 118,635,010 × RUB 800 × 12 = RUB 1,138,896,096,000

Children: 25,191,120 × RUB 400 × 12 = RUB 120,917,376,000

RUB 1,138,896,096,000 + RUB 120,917,376,000 = RUB 1,259,813,472,000

Offset benefits, recovered tax, administrative savings and later economic effects are not deducted. This is a gross cost, not a net cost.

Sources and method

Population 2023 · World Bank WDI

GDP 2023 · $2,046,284,838,151 · World Bank WDI

Currency RUB · exchange rate 85.1620 RUB/USD (2023)

Converted cost $14,793,139,531 for the GDP share.