First Deputy Prime Minister and Minister of Finance Siniša Mali announced today that since 2021, net wages in Serbia have increased by 64.9 percent, while cumulative inflation rose by 37 percent. This means, he highlighted, that the average wage grew by 20.1 percent more than inflation during this period.
Mali addressed claims from some opposition politicians that inflation had “eaten” into salaries, adding that pensions grew 22 percent more than inflation over the same period. “Our earnings are 20 percent higher than inflation during this, the most challenging period in the global economy,” Mali said during an appearance on TV Prva.
He emphasized that the state ensured pensions and wages grew above the inflation rate and noted that the minimum wage increased by 14.8 percent more than inflation. Mali pointed out that the average salary surpassing 100,000 dinars for the first time in May is a testament to the success of Serbian economic policy. He predicted that if the current trend continues, the average salary will reach 920 to 930 euros by December. He recalled that in 2012, the average salary was 329 euros and reiterated the goal for the average salary to reach 1,000 euros by December of the following year.
Mali also mentioned that Serbia currently has a record high number of employees and a record low unemployment rate of 9.4 percent. He added that inflation in May was 3.8 percent, according to Tanjug.
