Govt to need 39 bln rbl to raise minimum monthly wage from May 1 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Govt to need 39 bln rbl to raise minimum monthly wage from May 1

MOSCOW, Jan 25 (PRIME) -- The Russian government will need additional 39.3 billion rubles from budgets of all levels to raise the s minimum monthly wage to the living wage from May 1, the Labor and Social Protection Ministry said in a statement on Thursday citing Minister Maxim Topilin.

УDue to an increase of the minimum wage to the level of living wage for the working population from May 1, 2018, companies of the public sector of the economy will need additional 39.3 billion rublesЕ.of which 7.5 billion rubles should come from the federal budget and 31.8 billion rubles from regional and municipal budgets,Ф the ministry quoted Topilin as saying.

Additional costs for the producing sector of the economy will amount to 22.7 billion rubles. The increase of wages will cover 1.6 million public employees and 1.4 million employees of the producing industries, he said.

(56.3888 rubles Ц U.S. $1)

End

25.01.2018 11:06
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 78.0753 +0.3224 22 sep
USD 66.2497 -0.2228 22 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1149.53 +0.78 18:50 21 sep
micex 2426.80 +1.08 18:50 21 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 158.64 +2.78 18:49 21 sep
lkoh 4737.50 +0.78 18:49 21 sep
rosn 440.40 +0.39 18:47 21 sep
sber 193.44 +1.19 18:49 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 78.0275 -0.1025 14:59 21 sep
USDTD 66.5250 -0.2275 17:44 21 sep