Bulgarian PM Freezes Top Politicians Wages

Business » FINANCE | November 28, 2011, Monday // 10:06
Bulgarian PM Freezes Top Politicians Wages: Bulgarian PM Freezes Top Politicians Wages Bulgarian politicians' salaries will be frozen in 2012 despite the cabinet's decision to up the minimum monthly wage to BGN 290. File photo

Salaries of top politicians in Bulgaria will be frozen at their levels from the end of 2009, according to Prime Minister, Boyko Borisov.

The move will be implemented despite the cabinet's decision to up the minimum monthly wage in Bulgaria in May, 2012 – from BGN 270 to BGN 290.

"This is the situation globally; this is the situation in Bulgaria," Borisov says, cited by "Monitor" daily.

According to the Parliamentary Code, the wage of Members of the Parliament equals three times the average monthly salary for the country.

The average salary in the third quarter of 2011 was BGN 753. If it stays at this level in the beginning of 2012, it means that MPs, whose fixed salaries range between BGN 2 196 and BGN 2 259, will lose BGN 63 each month.

Ministers, on their part, will lose BGN 82 a month. Their salaries are fixed at BGN 2 855.

Borisov has a monthly wage of EUR 1 500, which he says is way less than the one of his western counterparts.

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Tags: politicians, salaries, frozen, the minimum monthly wage, salary, Prime Minister, Boyko Borisov, MPs, Ministers
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