Bulgaria Govt with Plan to Raise Wages by 5%-10% in 2010

Bulgaria's Finance Minister Djankov will raise the minimum wage in 2010 if tax revenue goes up by 30%. Photo by BGNES

The Bulgarian government of the GERB party might be able to raise the state sector salaries by 5%-10% in 2010.

This is envisaged in the draft macroeconomic framework for 2010-2013 prepared by the team of the Bulgarian Finance Minister, Simeon Djankov, the 24 Chasa Daily reported Saturday.

However, the salaries coming from the state budget and the minimum salary, which is BGN 240, will only be raised in 2010 if the government manages to increase tax and other state revenue by at least 30%, largely by managing to crack down on financial crimes and tax evasion.

The draft framework also provides for using any state funds left over from the 2009 state budget after already implemented 15% cut of state expenditures to be channeled for increasing salaries.

Djankov's team has already submitted the draft macroeconomic framework to the other Ministries so that they can coordinate their strategies with it by Tuesday.