Minimum wage in 2025 will be 53,592 dinars

After the session of the Socio-Economic Council, representatives of the trade unions, employers, and the Government addressed the public regarding the results of their talks about increasing minimum wage.

Serbian Prime Minister Miloš Vučević announced that, for the first time in six years, the minimum wage was agreed upon during the session, meaning that the Government will not have to make the decision unilaterally.

“After many meetings, discussions, and a lot of work, the increase is 13.7 percent, which means it will be 308 dinars per hour, or 53,592 dinars per month,” said Miloš Vučević. The PM also stated that with this amount, the minimum wage will cover the minimum consumer basket from May, which was 53,518 dinars.

Finance Minister Siniša Mali mentioned that from January 1, the non-taxable income threshold will increase to 28,432 dinars. He also highlighted that Serbia has a record-low unemployment rate of 9.4 percent.

The President of the Employers’ Union, Miloš Nenezić, expressed his satisfaction with the outcome of the negotiations and pointed out the focus areas for the upcoming period.

To recall, the trade unions demanded 62,000 dinars, the employers were willing to go slightly above 50,000 dinars, and President Aleksandar Vučić expressed a desire for the amount to be between 53,000 and 53,500 dinars.

“Fifty-six percent of the average salary provided a good starting point for the negotiations we will continue to have. We would have been much more satisfied if that amount could have been higher at the moment, but this is the kind of consensus we could achieve,” said Čedanka Andrić, President of the Nezavisnost Association of Trade Unions.

Source Link