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
 
 
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