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Posts Tagged ‘wages and pensions’

Daily: Unfreezing possible in January

Daily Politika writes that wages and pensions could be unfrozen in January 2011 if the International Monetary Fund approves such a move. The daily cites sources from the government, stating that a compromise looks to have been reached after long debates and discussions.

Unfreezing of wages in 2010 “unrealistic”

Labor Minister Rasim Ljajić said that there is no realistic source of money that would facilitate the unfreezing of wages and pensions this year. He said that no one in the government is against the idea, but that there is no realistic source of money to make it happen.

“IMF satisfied with pension reforms”

Unless the economy recovers, wages and pensions will remain frozen until 2011, Deputy Prime Minister Jovan Krkobabić told B92. Increase in salaries in the public sector and pensions before 2011 would be considered only if the economy improved, along with higher employment GDP figures, he explained.

Minister “speaks in name of budget”

Finance Minister Diana Dragutinović said that the state should try to have no budget rebalances this year and to keep wages and pensions at the same level.
She told daily Večernje Novosti that budget income is at the planned level and an increase in wages and pensions can be expected only if income increases significantly, stressing that she is speaking on the issue only in relation to the budget passed by the government.

IMF official warns about wage hikes

IMF’s Albert Jaeger says that he is skeptical about a proposal to allocate less budget funds for pensions, if they were harmonized with the public sector wages. Jaeger, who headed an IMF mission that recently finished their visit to Serbia, said that the IMF expects strong guarantees that the increase of wages and pensions will be in accordance with the budget.

Dinkić: Higher wages and pensions in 2010

Economy Minister Mlađan Dinkić told B92 TV on Sunday that wages and pensions in Serbia “must be unfrozen from September”. “We will speak about that with the International Monetary Fund, he added.

Serbia’s indebtedness “morally justified”

President Boris Tadić said that Serbia is taking out international loans to develop the country, not to pay wages and pensions. He called this “moral indebtedness.”

Wages, pensions to be frozen in 2010

Finance Minister Diana Dragutinović said that wages and pensions for employees in the public sector will be frozen once again in 2010. In an interview with daily Večernje Novosti, she said that wages and pensions, which make up about 25 percent of the expenses for income, will be frozen in 2010, as will a portion of subsidies for covering wages of employees in several public companies and other companies that have yet to be privatized.

WB official says measures are “unsustainable”

World Bank office chief in Serbia Simon Gray criticized the government’s measures taken thus far for decreasing budget spending. “The government has already taken emergency measures in order to decrease budget spending—it has frozen wages and pensions and decreased capital work and other discretional expenses. However, these measures will not be sustainable in the long-term,” Gray told daily Blic.