The Serbian Government announced increases in minimum wages, pensions and tax-free income.
The announcement includes, effective January 1, 2024, a 17.8 percent increase in the monthly minimum wage, to 47,154 dinars, an increase in the hourly minimum wage, to 271 dinars from 230 dinars and an increase in the non-taxable income amount for individuals, to up to 25,000 dinars from 21,712 dinars.
The announcement also includes a 5.5 percent indexation of pensions, from October 1, with 10,000 dinars paid to mothers and single fathers by October 31.
“After this record increase, the minimum wage will amount to 47,154 dinars, or an average of around 401 euros per month. At the same time, it will be significantly above the expected average inflation of 4.9 percent in 2024, which will bridge the gap between the minimum wage and the minimum consumer basket,” said the Serbian government.
This post is also available in: Italiano