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Economy
05 December 2022, 12:34

Belarus to increase payroll budget by 16%

MINSK, 5 December (BelTA) – Belarus plans to increase its payroll budget by 16% in January 2023, Belarusian Finance Minister Yuri Seliverstov said in an interview to the Belarus 1 TV channel, BelTA has learned.

When asked how the Belarusians will feel the social orientation of the 2023 budget, Yuri Seliverstov noted that primarily it will affect the growth of salaries. “Today the government has plans to raise salaries again. In January, the payroll fund is planned with a 16% 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 stressed: “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.”

Yuri Seliverstov added that the construction and maintenance of social facilities will continue. He noted that the social component will even increase to some extent.

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