Wages continue growing
A minimum wage in the country has been increased by 34%. Therefore an average monthly minimum wage in Belarus has been increased from Br 611 thousand to Br 730 thousand.
The country continues going down the spiral of “expenses – prices”. The Belarusian authorities have ignored the requirements set up by the IMF and Russia regarding the freezing of salaries, pensions and other budgetary sources of income. The Belarusian leadership continues to expect that creditors “will walk in its shoes” and is not yet ready to give full control over the situation to the law enforcement bodies in order to preserve stability.
However, prices rise and will continue rising outrunning indexing of incomes.
According to Belstat, in August 7,600 people were dismissed, including 4,800 civil servants. Dismissals of civil servants were due to the optimisation in the public administration by up to 30%. Some civil servants would retain their job however would lose the status of a civil servant. Vacancies on the labour market are likely to reduce in number, thanks to the optimisation, the state administration would increase wages for public servants. The payroll fund for retained employees is likely to increase and some former state employees are likely to get jobs in affiliated organizations. The optimisation of the state apparatus should complete by January 1st, 2018, and some former civil servants are likely to join the ranks of the unemployed.