[Belarus] Payroll budget to increase by 16%

[Belarus] Payroll budget to increase by 16%
05 Dec 2022

Belarus intends to increase its payroll budget by 16 per cent in January 2023, according to Belarusian Finance Minister Yuri Seliverstov, BelTA reports.

The minister made the announcement during an interview with the Belarus 1 TV channel.

In response to a question about how Belarusians will feel the social orientation of the 2023 budget, Yuri Seliverstov reportedly said that it will primarily affect the growth of salaries. 

“Today the government has plans to raise salaries again. In January, the payroll fund is planned with a 16 per cent increase in the budget. On 1 January, we will make the first step to increase the salary rate. As we fill the budget revenues, we will see how much more we will be able to raise salaries,” the finance minister said.

He continued, “No one raises significantly the tariffs for transport or housing and utility services, so that citizens do not feel any additional fluctuations, including inflationary ones. All this is subsidized from the budget.”

Mr Seliverstov reportedly said that the construction and maintenance of social facilities will continue. Adding that the social component will, to some extent, even increase.


Source: BelTA

(Quotes via original reporting)

Belarus intends to increase its payroll budget by 16 per cent in January 2023, according to Belarusian Finance Minister Yuri Seliverstov, BelTA reports.

The minister made the announcement during an interview with the Belarus 1 TV channel.

In response to a question about how Belarusians will feel the social orientation of the 2023 budget, Yuri Seliverstov reportedly said that it will primarily affect the growth of salaries. 

“Today the government has plans to raise salaries again. In January, the payroll fund is planned with a 16 per cent increase in the budget. On 1 January, we will make the first step to increase the salary rate. As we fill the budget revenues, we will see how much more we will be able to raise salaries,” the finance minister said.

He continued, “No one raises significantly the tariffs for transport or housing and utility services, so that citizens do not feel any additional fluctuations, including inflationary ones. All this is subsidized from the budget.”

Mr Seliverstov reportedly said that the construction and maintenance of social facilities will continue. Adding that the social component will, to some extent, even increase.


Source: BelTA

(Quotes via original reporting)

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