Salaries and pensions might rise by 4%

Member of the Council of the Governor of the National Bank of Serbia Ivan Nikolic stated on Friday, September 2, that salaries and pensions in the public sector might rise by 4%.

There' room for it in any case, as he claims, the only question is how big the raises might be.

– The raise might be higher than last time, but not higher than 4% – Nikolic said for Tanjug.

The logic, as he explained, is that the raise should not be higher than the nominal growth of the gross domestic product.

According to him, this is necessary in order to achieve the medium-term goal of returning the share of salary and pension expenses to the agreed level by reducing salaries from 10% to 8%, and pensions from 13% to 11%.

IMF Resident Representative in Serbia, Sebastian Sosa, said that there would be talk about it in September and October.

– The upcoming IMF Mission, which arrives in September and October, will focus on next year's budget and we will talk about potential raises. On the one hand, better results and the fiscal position will be taken into consideration, and on the other hand, so will be the need to continue reducing the public debt in the medium term – Sosa said at the conference in the National Bank of Serbia.

Narodna banka Srbije Beograd

IMF Washington D.C.

Council of the Governor of the National Bank of Serbia

Ivan Nikolic

raising salaries

raising pensions

IMF

Sebastian Sosa

National Bank of Serbia

NBS