The government will decide on the size of the MMA next year: it has become clear how much it is planned to increase

by times news cr

SADM also suggests recommending to the social partners to set higher amounts in collective agreements than in 2025. the amounts of the minimum hourly remuneration and the minimum monthly salary have been determined.

If the government approves the proposal, the MMA would increase by 114 euros, or 12.34 percent, instead of the 924 euros set this year, and the minimum hourly wage would increase by 0.7 euros, or about 12.38 percent, instead of 5.65 euros in 2024.

According to SADM’s preliminary calculations, applying the maximum tax-free income amount for 2024, the income of MMA earners, after deduction of taxes, would increase by 69 euros next year and reach 777 euros, which is more than the tentatively predicted poverty risk threshold for 2025 (732 euros).

According to the preliminary calculations of the Ministry of Finance, a total of about 44 million will need to be allocated for the implementation of the proposals provided by the project. euro state budget funds.

According to “Sodra” data, in Lithuania in 2024 in May was about 100 thousand workers receiving MMA and less. There were about 13 thousand such employees in budgetary institutions. (April 2024 – 13.3 thousand, March 2024 – 13.8 thousand).

ELTA reminds that the Tripartite Council agreed on the increase of the MMA, but did not take a single decision on the size of the MMA in 2025, because different opinions were presented on this issue: the representatives of the workers proposed to raise the MMA according to the agreed formula, ie 15.8 percent. or up to 1,070 euros, the representatives of the employers approved the proposal of the Bank of Lithuania to gradually increase the MMA, to raise the MMA by 10% from 2025. or up to 1016 euros.

The MMA is approved by the Government after receiving the recommendation of the Tripartite Council and taking into account the indicators and trends of the country’s economic development.

in 2024 The MMA rose to 924 euros before tax, and the non-taxable amount of income (NPD) to 747 euros.

2024-08-28 07:24:08

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