VUJOVIC: Final decision on salary and pension raises in October

(Dusan Vujovic) Minister of Finance Dusan Vujovic has confirmed that the “fiscal room” for revising salaries and pension will be determined as part of the next, eight review of the IMF arrangement, announced for this autumn.

– Let me remind you that, when we were entering the program, I compared it to surgery – the aim was to create, after three years, lasting foundations for raising salaries and pension, as well as for an increased economic growth, employment, the so-called sustainable growth and impulsive growth, which means that all citizens of Serbia should feel the improvement – Vujovic said during the Oko Ekonomije TV show on RTS.

He pointed out that everything was going according to plan, that Serbia was in a positive conjuncture, explaining that this meant a growth of the import of consumer goods, sale, turnover and all net incomes.

When asked whether that was enough for the pensions and salaries in the public sector to be raised, he said that the moment was drawing closer.

– I think we are drawing closer to that moment. We have been clear in all our press releases so far that the moment is drawing close. The technical mission in September and the final, eight review of the IMF in October will provide the numbers indicating how much room there is for the salaries and pensions in the public sector to be raised – Vujovic pointed out.

He added that he expected the minimum wage to increase in September, but that it would only be paid starting with January 1, 2018.

Ministarstvo finansija Republike Srbije

Međunarodni monetarni fond-MMF Beograd

Vlada Republike Srbije

Dusan Vujovic

salaries

pensions

salary and pension raises

minimum wage

raising minimum wage

economic growth