On 1 January 2015 the base amount in Belarus will be increased from Br150,000 to Br180,000, reads Resolution No. 1255 of the Council of Ministers dated 29 December 2014, BelTA learned from the press service of the Belarusian government.
This increase will allow the government to bring welfare payments pegged to the base amount in line with the actual level of prices. "The increase in the base amount will have an impact on the size of the lump-sum payments to teaching, medical and pharmaceutical staff, workers of culture and art, specialists of agriculture and housing and utilities sectors, and workers of the cooperative consumer system who work in the areas exposed to the radioactive contamination as a result of the accident at the Chernobyl nuclear power plant,” said the Finance Ministry.
Currently the base amount in Belarus is Br150,000. The last time it was increased was 1 April 2014 (Br130,000).
The base amount is the economic indicator that defines the abstract value of the purchasing power of money, not associated with any specific tangible or intangible benefits. The base amount was introduced in Belarus in 2002. It is used to calculate the indicators and benchmarks in the field of labor relations, and also to determine the size of fines and fees.
Written by belta.by
