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Estonia: Minimum pay rise to 430 euros would add 6 million euros to state budget

  • 2015-10-21
  • BNS/TBT Staff
TALLINN - According to calculations made by the Ministry of Finance, the plan to raise minimum monthly pay to 430 euros next year would result in an increase of six million euros of state budget receipts compared to previous estimations, and the raise to 470 euros in 2017 would result in an increase of 10 million euros. “If minimum pay increases by 40 euros in 2016 from 390 euros to 430 euros per month, its expected impact on the government sector’s budgetary position would be plus 10 million euros. In our forecast we have expected the minimum pay to rise in t...
 
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