Bulgarian FinMin Rules Out Minimum Wage Increase by Year-End
The minimum monthly wage in Bulgaria would not be increased the end of 2013, according to Bulgarian Finance minister, Petar Chobanov.
Speaking to journalists on Monday, Chobanov explained that minimum wage in the country would not be raised until the government undertakes measures to deal with issues regarding the economic development of the country.
“The problem with minimum monthly wage is not a fiscal one; it’s related to the rate of economic development and to its impact on the employment and consumption rates in the country,” Chobanov said.
Chobanov commented that state budget for next 2014 should be allocated in a new way, providing financing for the priority policy sectors, stressing on the education.
The minister stated that although education is bound to the long-term development of the country’s economy, the government may not make large allocations of the budget for it.
Speaking about the pension reform, minister Chobanov said that the government is taking measures to re-implement the Swiss rule.
The Swiss rule bounds the pensions increase rate to the inflation rate in the country. It was cancelled in 2010 by the former GERB cabinet of PM Boyko Borisov.
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Shepherd boy chubby Chobanov should put down the banitsa and start delivering on all these promises he made prior to the election, otherwise its going to be a sorry winter of discontent that will end in tears for him and his commie, islamist and fascist pals.