THE WAYES TO IMPROVE INCOMES OF THE POPULATION OF GEORGIA

Public policy of income redistribution means the differentiated taxation of different groups of income recipients and social benefits to the population. Thus, the significant share of revenues goes from the segments of high-income population to low-income strata. Basically, real income dynamics in Georgia in recent years allow us to understand that the general standard of living is below average, the majority of public spending is aimed at basic current consumption of food and non-food essentials. Living standards deteriorated compared to previous years, also the differentiation of incomes has increased. The living standard raising still remains as one of the major objectives of Georgian social policy. The increasing of state incomes policy efficiency is very important in Georgia, which we can achieve by aiming at a radical increase in revenue of general population (primarily due to the increase of the minimum and average wages), reduction of income inequality, efficient and socially fair allocation of the newly created value and as a result, dynamic formation of the middle class. The goal of research is to review the ways of improvement of Georgian population incomes. The results of the research are: • The dynamics of main indicators of the Georgian population living standards for the recent years is analyzed; • The main directions of Public Policy of income redistribution in Georgia are also analyzed; • The recommendations for improving the living standards of population of Georgia are given.