SOCIAL MINIMUM: METHOD OF DEFINITION AND FIXING IN THE LEGISLATION

Abstract

The methods of definition and legislative consolidation of the basic social standard – subsistence minimum are analyzed. It has been found that none of the relevant law is applied in practice, and the subsistence minimum is determined by the value of the product set plus the mandatory rate of payment for housing and communal services – 15%. A new method for determining the subsistence minimum has been proposed and a draft new Law of Ukraine “On the subsistence minimum” has been developed, which is presented in the article.