The parliamentary groups of the Order and Justice party, the Social Democrats and the Labour Party have agreed that the minimum monthly salary should be raised to EUR 325 (LTL 1,122) in 2015.
minimum wage
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Prime Minister Algirdas Butkevičius says the Government is looking for LTL 102 million (EUR 29.5 million) in next year's budget in order to raise salaries for government employees working under employment contracts.
Parliament Speaker Loreta Graužinienė reckons that next July the minimum monthly salary could rise by LTL 100 (EUR 29). The head of Parliament is also open to discussions over the increase of non-taxable minimum income.
The IMF mission chief for Lithuania sees no room for further increases in minimum monthly wages, saying that the ratio of minimum wages to average wages is rather high already, the business daily Verslo Žinios reports.
Member of Parliament, chairman of the Order and Justice Party parliamentary group Petras Gražulis has proposed a law that the minimum monthly salary could not be lower than half of the average salary in Lithuania.
The government of Lithuania has decided to increase the minimum monthly wage to LTL 1,035 (EUR 300) and the minimum hourly wage to LTL 6.27 (EUR 1.82) from 1 October 2014.
Leaders of Lithuania's ruling parties agreed on Wednesday to raise minimum monthly wages by 35 litas (EUR 10) to 1,035 litas as of October, Prime Minister Algirdas Butkevičius said after the government's meeting.
Seimas Speaker Loreta Graužinienė expects that Russia's sanctions will not cause a sharp decline in Lithuania's budget revenue and says that she sees possibilities for raising monthly minimum wage.
Minimum monthly wage in Lithuania may reach 350 euros at the end of 2016, chief economist of Swedbank Lithuania says, adding that this estimate is based on the government program and economic growth.
The Latvian Welfare Ministry proposes to not only set a new minimum monthly income level, but also to alter the minimum pension and non-taxable minimum income, informs LETA.
Parliament Speaker Loreta Graužinienė claims that the minimum salary may be raised as soon as in the fourth quarter of 2014.
Prime Minister Algirdas Butkevičius has presented to Parliament the Cabinet's primary tasks. He promised that retirement pensions, benefits and public sector salaries will be increased starting next year.
