19:59

12.09.18

1 min.

10% public sector salaries increase expected in early 2019

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10% public sector salaries increase expected in early 2019

Photo: BNR/BTA

A 10 per cent increase of salaries in the public sector from 2019 will require an additional budget allocation of 1 billion leva for wages and insurance payments, finance minister Vladislav Goranov told reporters on Wednesday. The increase will apply to 433 000 public servants. Teachers' wages are slated to increase by 20 per cent.


The hike is possible due to the higher GDP and the better implementation of budget revenues. Given the record-low unemployment since 1991 good public servants are scarce. The minister said that the increase is expected to prompt higher incomes in the private sector, too. The increase is envisaged in the budget draft for 2019, said Goranov.


Wages won't be increased by the same rate and managers will decide how to distribute the additional money. The wages of military personnel will be increased based on another model. No increase of pensions is envisaged as they are adjusted under the Social Insurance Code. The finance minister denied that the increase had something to do with next year's elections.



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