Serbian Government to increase pensions and public sector wages

A five percent increase in pensions will be implemented in Serbia starting January 1, while public sector salaries will grow ten percent.

Prime Minister Ana Brnabic announced this on Saturday in the town of Krusevac, during a news conference held after her cabinet's session organized to mark its first 100 days in office.

Presenting the results of the government, she said that "excellent results in the area of state coffers" allowed for this permanent pensions and wage hike.

An across board ten percent nominal monthly wage cut was legislated in Serbia in 2014, along with a progressive cut in nominal pensions (at a 22 percent rate for pensions between RSD 25,000 and 40,000, and 25 percent for those higher). Since then, pensions and public sector wages have been increased on two occasions.

Speaking in Krusevac, Ana Brnabic said that the Serbian government in...