BUSINESS

Republika Srpska Government decided to Increase the Minimum Wage

The Republika Srpska government has decided to increase the minimum wage in Republika Srpska, RS Prime Minister Radovan Viskovic said today.

Thus, the lowest salary in RS will be increased from 520 to 540 BAM. Viskovic said that the RS Government would request a special session of the National Assembly so that the laws would pass the procedure by the end of May and so that their application would be from June 1.

He added that he has information that the collegium of the Assembly will be on May 24.

The Government of RS made a decision to allocate 70 million BAM from the budget annually to increase salaries.

In March 2021, the average monthly paid off net earning per person in employment in legal entities in Bosnia and Herzegovina amounted to 989 BAM, which represented the nominal increase of 0,2% as compared to December 2020. 

In comparison to March 2020 the average monthly paid off net earnings for March 2021 was nominally by 4,1% higher, BIH Agency for Statistics stated in the press release.

For the first quarter of 2021, the average monthly paid off net earning per person in employment in legal entities in BiH amounted to 973 BAM, and the fourth quarter of 2020 amounted to 972 BAM, which represent that the average monthly paid off net earnings was nominally by 0,2% higher in the first quarter of 2021 as compared to the fourth quarter of 2020. 

The coverage of the Trade Union Consumer Basket with an average salary is 51.57 percent. 

The consumer basket itself consists of the following categories: food 44.5 percent, housing and communal services 16.7 percent, hygiene and health maintenance 9.4 percent, education and culture 5.9 percent, clothing and footwear 10.7 percent, transportation 7, 4 percent and household maintenance 5.4 percent. 

In the food category, prices from three shopping centers were used for 85 items. 

When it comes to hygiene and maintaining health, the costs are included for 12 items, and for housing and communal services the costs for six items.

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