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Lithuania's new government to raise minimum wages to 290 euros starting in 2013

Tomo Urbelionio/BFL nuotr. / Pinigai
Šaltinis: BNS

Lithuania's new center-left coalition has decided to raise the minimum monthly salary to 1,000 litas (EUR 290) at the start of next year, Prime Minister-designate Algirdas Butkevičius tells BNS.

"We won't increase spending. We'll revise current expenses," he said.

The prime minister-designate said in an interview to LRT Television on Monday that it had been decided to reduce allocations for the state's investment program to fund the minimum salary increase.

Butkevičius said that on Monday he discussed the draft 2013 budget and the financial capacity to raise the minimum salary with Rimantas Šadžius, who is proposed to be the next finance minister, and specialists at the Finance Ministry.

Butkevičius added that the decision would have to be approved first by the Tripartite Council, which brings together representatives of the government, employers, and trade unions, and then by the Cabinet.

The minimum monthly salary was last raised by 50 litas to 850 litas last July.

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