What decision did the parties come to after the money talks – including business, wages and pensions? These and other issues were discussed by economist Stoyan Panchev and BICA Chairman Vasil Velev.
According to Panchev, there will be growth in certain income groups. More importantly, he believes, is exactly how it should be financed and it is on this issue that the „big clash“ is likely to arise.
The problems will be related to the increase in the minimum wage, the maximum social security income, as well as the assurances that there will be no tax increase, the economist added.
He quoted data from studies, according to which 24 thousand jobs are lost with each increase in the minimum wage by BGN 100. This is really the price of the administrative increase of incomes, Stoyan Panchev believes.
Vasil Velev, for his part, assumes that the growth in wages and pensions will come from borrowing, although „unfortunately, the economy is not in a good state“. Things are such, despite the enthusiasm over the summer that we are about to come out of the crisis. The real economic growth for the third quarter is only 0.4 per 100 on an annual basis.
„It is important to note that the growth of the average wage is currently at the expense of the growth of wages in the budget sphere and at the expense of cutting low-skilled staff.“, Velev explained.
The amounts paid by enterprises for labour increased by only 1. 7%, he added. The one factor that in practice can be influenced is energy.
