Minister of Finance Sinisa Mali announced that the International Monetary Fund (IMF) has given approval for the increase of salaries in the public sector from 1 January, which will be confirmed today.
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IMF approves salary increase in public sector from 1 January
Belgrade,
16 October 2020
In a statement for the Radio Television of Serbia (RTS), Mali said that based on the talks that the IMF Mission had with President of the Republic Aleksandar Vucic, Serbia received the green light to increase salaries, but it will not be as large as last year.
He reminded that there will be an increase in pensions from 1 January next year by 5.9 percent, as well as of minimum wages by 6.6 percent, and at the same time stated that the realised VAT revenue is higher by RSD 2 billion in in relation to the planned projections.
Now I can say for sure that there is no country in Europe that will increase salaries, pensions and the minimum wage from 1 January 2021. In addition to the increase in salaries in the public sector, the increase in the minimum wage will also raise wages in the private sector, Mali explained.
Also, the Minister said that the IMF is expected to announce that Serbia will be the first in Europe in terms of the growth rate in 2020.
Author:
rts.rs
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