The Ministry of Labor: it is proposed to increase the minimum wage for 2023 to 16242 rubles, the subsistence minimum to 14375 rubles

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AK&M 22 September 2022 18:17

It is proposed to increase the subsistence minimum for 2023 to 14375 rubles per capita, and the minimum wage to 16242 rubles. The relevant draft laws were supported at a Government meeting on Thursday and will be submitted to the State Duma as part of the budget package. This is reported by the Ministry of Labor of Russia.

"Traditionally, the indexation of the subsistence minimum and the minimum wage is carried out from January 1. In the conditions of high inflation in 2022, it was decided to raise the subsistence minimum and the minimum wage in stages in order to support the incomes of citizens, taking into account price increases. Since June 1, the subsistence minimum, minimum wage, insurance and social pensions have been indexed by 10% on behalf of the President. From January 1, it is proposed to increase the living wage by another 3.3%, and the minimum wage by 6.3%. Thus, the cumulative growth rate of basic social guarantees will be higher than the projected inflation of 12.4%. The total annual growth of the subsistence minimum will be 13.6%, and the minimum wage will be 16.9%," said Anton Kotyakov, Minister of Labor and Social Protection of the Russian Federation, quoted in the message.

As of January 1, 2022, the subsistence minimum per capita was 12654 rubles, for the able—bodied population — 13793 rubles, for pensioners — 10882 rubles, for children - 12274 rubles. At the same time, on June 1, 2022, the subsistence minimum was increased by 10%. This indexed amount of the subsistence minimum will be increased by 3.3% from January 1, 2023. Accordingly, the subsistence minimum per capita will be 14375 rubles, for the able–bodied population will be 15669 rubles, for pensioners – 12363 rubles, for children - 13944 rubles. The annual growth of the subsistence minimum per capita will be 1,721 rubles, for the able–bodied population – 1,876 rubles, for pensioners – 1,481 rubles, for children - 1,670 rubles. Thus, the annual indexation of the subsistence minimum will be 13.6%.

Recall that on January 1, 2022, the minimum wage was 13,890 rubles. Since June 1, it has been indexed by 10%. After indexing from January 1, 2023, an additional 6.3% of its size will be 16242 rubles. Annual growth – 2352 rubles. Thus, the annual indexation of the minimum wage will be 16.9%.

Thus, in 2023 and 2024, the living wage and the minimum wage are proposed to be established in a special manner by the law on the federal budget, taking into account the projected inflation rate.