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World Social Protection Report 2020-22 was released by International Labour Organisation (ILO) on September 1, 2021.
This report examined the impact COVID-19 pandemic on social protection. It found, an additional spending required to ensure minimum social protection for all and reduce the financing gap has increased by 30 per cent since the start of the pandemic. On an average, countries spend approximately 13 per cent of GDP on social protection. However, high-income countries spend 16.4 per cent of GDP on social protection. On the other hand, low-income countries spend just 1.1 per cent.
Social protection comprises of access to healthcare and income security in cases of unemployment, old age, inability to work, and for families with children.
By: Brijesh Kumar ProfileResourcesReport error
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