aA
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.
Minimum wage set to go up next year
© 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“.
|Populiariausi straipsniai ir video

Minister: budget deficit to narrow, debt-to-GDP ratio to stabilize in 2021

The Lithuanian state's 2021 budget bill has been drafted with the aim of reducing the general...

One in 3 Lithuanians feels anxious about money

Thirty-nine percent of Lithuanians feel anxious about their finances every day, which adversely...

Simonyte: key budget issue is what to do with borrowed money (1)

The key question related to Lithuania's next year budget is what will be done with borrowed money...

Minister: Lithuania financially capable of withstanding another coronavirus outbreak

Lithuania would be financially capable of withstanding another coronavirus outbreak, Finance...

A new commercial bank has launched operations in Lithuania

PayRay , a Lithuanian financial sector company, has started a new page of its business service...

Top news

Bars and restaurants ordered to close at midnight

Bars , restaurants and nightclubs will have to close at midnight and register their visitors...

Twelve municipalities placed under quarantine

The Lithuanian government decided on Wednesday to place another 12 Lithuanian municipalities under...

507 Belarusians let to come on humanitarian grounds

A total of 507 Belarusian citizens have been allowed to come to Lithuania on humanitarian, the...

Record number of new corona virus cases again

On Wednesday, the new record number of new COVID-19 cases have been released in Lithuania . On...

Steven A. Cook | D+ nariams

The end of hope in the Middle East

The region has always had problems—but it’s now almost past the point of recovery.

|Maža didelių žinių kaina