The state Duma in the first reading adopted the draft law on raising the minimum wage (SMIC) for 850 rubles.
From 1 January 2020, the amount of the monthly minimum wage will be 12 130 rubles. It is 100% of the subsistence minimum for the second quarter of 2019. The increase in the minimum wage will amount to 7.5%.
The increase in the minimum wage will help to ensure that wage increases of about 3.2 million people. The wage level will increase from 850 to 2550 rubles, depending on the allowances, justified increasing the coefficient in the regions. So, the highest ratio available in the Chukotka Autonomous district.
In 2020 the increase of salaries of state employees it is planned to allocate 20.9 billion rubles. One third of the funds will go back into the budget in the form of personal income tax and insurance contributions.