The minimum monthly wage in Lithuania is set to rise 9.4 percent to 607 euros, from the existing 555 euros (before tax), as of next year, and the minimum hourly rate to grow 9.7 percent to 3.39 euros, from 3.72 euros now.
© DELFI / Karolina Pansevič

The state budget will need around 17 million euros a year for that, it's estimated. The government is set to make the relevant decision on Wednesday.

In late May, Lithuania's Tripartite Council, uniting the government, employers and trade unions, failed to reach agreement on how much to raise the minimum monthly wage as of 2020, leaving the government to decide that once again, just as it did last year.

Trade unions and government representatives suggested raising the minimum wage by around 10 percent to 607 euros before tax. Meanwhile, employers proposed increasing it to 580 euros, from the existing 555 euros before tax.

Last year, the Tripartite Council also failed to reach agreement on raising the minimum wage as of 2019, leaving the government to approve this rate.

The Tripartite Council has decided that the minimum monthly wage should amount to 45-50 percent of the average salary. Once raised to 607 euros, it will amount to 47.5 percent, compared to EU rates ranging from 45 to 51 percent.

Around 156,000 people in Lithuania including around 28,000 employees of budgetary institutions, earn the minimum monthly wage or less.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Cabinet approves new car pollution tax

The Lithuanian Cabinet approved on Wednesday a new tax aimed at encouraging people to buy less...

Alcohol, tobacco and diesel fuel excise tax hikes approved

The Lithuanian Cabinet decided on Wednesday to raise the excise duties on strong alcohol , diesel...

President proposes new measures to block Astravyets electricity

Lithuanian President Gitanas Nauseda on Wednesday proposed new measures to block imports of...

Government considers 2020 budget with revenue and expenditure going up

The revenue and expenditure of Lithuania's 2020 state budget , including EU and other international...

Vasiliauskas: country needs immigrants with higher qualifications

With more and more immigrants from third countries arriving in Lithuania, the country's central...