Salaries in state and public companies to be raised by 5% in 2019

In 2019, employees in state and public companies will have their salaries raised by 5%, the Government of Serbia decided. This raise is envisaged in the amendments to the Law on Temporary Regulation of Salary and Other Steady Income Calculation and Payment Bases of Public Fund Users, adopted by the Government of Serbia.

The amendments pertain to the salaries in the companies where the Republic of Serbia, that is, the local self-government, owns more than 50% of the capital, as well as in state and local public companies, and which are higher than RSD 25,000.

In the past four years, as part of the fiscal consolidation, salaries in state and public companies, as well as in the public sector, that are higher than RSD 25,000, have been reduced by 10%.

In the explanation for the amendments, the government said that “after a successful fiscal consolidation, the stabilization of public finances and a turnaround after years of a growing trend when it comes to the public debt, the government remains focused on the further improvement of the economic environment and securing high economic growth rates, to the end of reducing the unemployment and raising the standard of living”.

Employees in the public sector will also have their salaries raised beginning with 2019, by 7-12%.

Vlada Republike Srbije

Law on Temporary Regulation of Salary and Other Steady Income Calculation and Payment Bases of Public Fund Users

salary raises in state and public companies

salary raises in public sector

salary raise