Multi Factor Assessment of Poverty in the Regions of Kazakhstan

Purpose of the study: it is not enough to assess the level of poverty of the population in the regions only with the lowest subsistence minimum, and it does not reflect the real situation. Therefore, the purpose of this article is to study the level of poverty through a multifactorial assessment based on several aspects in the regions and to make recommendations on combating poverty taking into account the characteristics of each region. Methodology: in this study, we study and assess the level of poverty in the regions of Kazakhstan based on the methodology of multidimensional assessment. This is due to the fact that the index assessment methodology also takes into account non - financial data-increases the reliability of the assessment. We compiled a rating of regions by poverty level and divided it into 5 groups. All statistical data were taken from the data of the National Bureau of statistics of the Republic of Kazakhstan. Originality / value of the study: the result of this study, which includes data on 6 factors (mortality, education, unemployment, GRP per capita), provides a deeper and more comprehensive explanation of the level of poverty in the regions compared to traditional methodologies based only on monetary data. As a result of the study , the value of the multi-factor poverty index (MPI) for the regions of Kazakhstan was calculated and analyzed. The higher the index value, the lower the poverty rate in the region. The highest MPI was in Atyrau (0.611), Karaganda (0.661), Almaty (0.751) and Astana (0.759), and the lowest was Zhetysu (0.233) in North Kazakhstan (0.213) and Turkestan region (0.146). Recommendations were given in accordance with the specifics of each region.