Labour Ministry to Propose Increase of Guaranteed Minimum Income

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The Labour Ministry will propose an increase of the guaranteed minimum income (GMI) from 65 to 75 lv, Labour Minister Bisser Petkov told journalists on Sunday. He said that the GMI hadn’t been adjusted since 2008 and that some 80 million leva would be needed for the increase. Petkov recalled that the Labour Ministry has proposed an increase of the means tested criteria for entitlement to child benefits to 450 lv from 400 lv. This is done to prevent the exclusion of working families with lower wages from receiving child benefits. Petkov said that a second increase of the minimum contributory pension to 200 leva will increase the incomes of over 820,000 pensioners. From July 1 2018, the increase will be by 3.8 per cent, said the Minister.

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