Analytics, Financial Services, Latvia, Legislation, Wages
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 12:12
Wages of state officials in Latvia might grow by EUR 485-750 in coming years
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According to
the Finance Ministry’s forecasts, raising the minimum wage from EUR 380 to EUR
430 next year would promote increase of the average wage by 1%age point, while
adding up other tax reform measures and other macroeconomic factors, the
average gross monthly wage could grow 6% to EUR 970 in 2018.
The Finance Ministry predicts that in 2020 the average
gross wage in Latvia would reach EUR 1,072 a month, and it would be a EUR 157
rise against this year. Based on these estimates, the daily concludes that the
prime minister’s wage could grow by EUR 485-750 in three years.
The maximum wage of Saeima lawmakers, state officials
elected and appointed by Saeima is calculated in relation to the average
monthly wage.
Based on the Finance Ministry’s forecast for next
year, in 2020 the approximate wage of Saeima lawmakers could reach EUR 3,104,
wage of ministers – EUR 4,540, and wage of the prime minister – EUR 4,782.
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