Government: There won’t be additional increase in minimum wage

Representatives of the Government of Serbia, trade unions and the Union of Serbian Employers, who are members of the Social and Economic Union (SES), will start negotiations on the new minimum wage today.

The initiative for the start of negotiations was submitted by two representative unions – the Nezavisnost Trade Unions and the Federation of Independent Trade Unions of Serbia – who hope that the minimum wage could be additionally increased this year, due to rising inflation.

Their proposal is that the minimum wage, which now amounts to 40,020 dinars, should be equalized with the costs of the minimum consumer basket, which exceeded 50,000 dinars.

On the other hand, the Ministry of Finance has stated that the minimum wage is revised once a year, so the new, higher minimum wage, if agreed, will be valid from January 1 of the following year.

Last year in September, the Government of Serbia decided to increase the minimum wage by 14.3%, to 40,020 dinars.

According to trade union estimates, between 350,000 and 400,000 workers in Serbia receive the minimum wage, while slightly over 50% employees work for around 60,000 dinars a month.

(Biznis i Finansije, 22.05.2023)

This post is also available in: Italiano

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