Salaries of public sector employees in 2020 will grow at an accelerated pace, reported Finance Minister Maksim Yermolovich on December 1 on the STV TV channel, according to BELTA.
"We are actually approaching the indicator of 80% (relative to the average salary in the country. - BELTA note) by the end of the year. In many regions, the indicator already exceeds 80%. The problem is in Minsk, where this ratio is significantly lower. Overall, this affects the overall indicator for the country. We will be somewhere around 78-79%, that is, very close to 80% by the end of the current year," said Maksim Yermolovich.
According to the minister, only accelerated wage growth in the economy did not allow reaching the target ratio, but this will be done next year. "We are laying down accelerated wage growth rates in the public sector because they lagged behind in previous years. Now we need to take a faster step," he added.
In addition, an unprecedented amount of funds is allocated for the next year to support the Social Protection Fund - almost Br2 billion, of which about Br1 billion is for ensuring the balance of the fund's budget for paying labor pensions. This will allow solving the task of maintaining the level of labor pensions at not less than 40% of the average wages in the economy.
Regarding the timing of salary and pension increases for public sector employees, various options are being discussed. "We are currently considering the timing of this increase. There is no final decision yet, but the government is working on it. I think that by the end of the year, we will present a plan to the President on how this increase will be carried out," noted Maksim Yermolovich.