On the afternoon of June 25, the National Assembly discussed in groups the Government's report on salary reform; adjustment of pensions, social insurance benefits, preferential benefits for people with meritorious services and social benefits from July 1.
Minimize price increases when wages increase
Vice Chairwoman of the National Assembly Nguyen Thi Thanh informed that the Party and State really want to deeply innovate salary policy so that workers can wholeheartedly devote themselves to their work.
“Paying wages based on job position is a very new idea, it will have to be done, but at this time there are still many shortcomings, it cannot be implemented yet,” the Vice Chairman of the National Assembly expressed agreement with the Government's proposal.
Standing member of the Finance and Budget Committee Le Minh Nam also agreed with the report of the Government and the inspection agency on the viewpoint of implementing salary reform and related policies according to the roadmap "step by step, ensuring feasibility, efficiency, and suitability with the budget's payment capacity".
Regarding the adjustment of the basic salary from the current 1.8 million VND to 2.34 million VND/month (an increase of 30%), Mr. Nam said that the goal of this salary increase is to improve the lives of wage earners. However, the Government needs to pay attention to controlling inflation.
“The government needs to have solutions to limit negative impacts, especially to minimize wage increases leading to price increases, reducing the significance of wage increases,” Mr. Nam noted.
Delegate Nam also recommended strictly implementing the provisions of the Law on Prices related to price declaration and transparently disclosing price information to avoid speculation, profiteering or improper implementation of price regulations.
For any item that cannot be intervened by legal means and must operate according to market mechanisms, the State also needs to have policies. “It is necessary to inspect and check to control the implementation of prices,” Mr. Nam suggested.
Director of the Ho Chi Minh National Academy of Politics, Chairman of the Central Theoretical Council Nguyen Xuan Thang also noted the need to control prices when increasing salaries from July 1. Because if not careful, the price increase rate will exceed the salary increase rate, thereby making it impossible to improve and enhance the lives of officials, workers and civil servants.
More than 50 million people are attached to the basic salary
Reporting further to the National Assembly Deputies, Minister of Home Affairs Pham Thi Thanh Tra said that the adjustment of the basic salary by 30%, adjustment of pensions, social insurance benefits, preferential allowances for meritorious people and social allowances will affect more than 50 million people currently attached to the basic salary. Therefore, the total budget for this is very large.
Minister Pham Thi Thanh Tra said that the initial plan to implement Resolution 27, the Government calculated the total budget need for salary increase for 3 years (2024 - 2026) at about 760,000 billion VND, an average increase of more than 20%.
However, when adjusting the basic salary, it increased by 30%, along with 10% bonus in the total basic salary fund and related policies, the total funding source increased to 913,300 billion VND.
Therefore, the Government proposes to supplement resources for salary reform and related policies in 2024 and subsequent years. This source is guaranteed by the Government.
According to Minister Pham Thi Thanh Tra, the Government has so far accumulated 680,000 billion VND. In the remaining two years, when there are signs of positive economic recovery along with many solutions to increase revenue, the Government will strive to ensure sources for salary reform to implement the program as a whole.
Along with that is controlling inflation, because currently there is a fear that if wages increase, prices will increase. "When implementing the 20.8% adjustment in 2023, there was such a mentality, but in reality, the CPI increase was insignificant, not exceeding the threshold set by the National Assembly," said the Minister of Home Affairs.
Currently, the Government is trying to control inflation at 4 - 4.5%. The Government has drawn up detailed scenarios, issued resolutions to both promote economic growth and control inflation, stabilize the macro economy and has issued many telegrams requesting early initiative. From there, ensuring the value of salary increases for related subjects.
Minister Pham Thi Thanh Tra also emphasized that after 2026, there must be very drastic solutions, saving expenses, increasing revenue, reporting to competent authorities to supplement Resolution 27 to implement salary reform synchronously, specifically, and fully.
“This is the best possible solution. The general spirit is to create a sense of satisfaction and try to spread this spirit to motivate civil servants, public employees, and workers to make greater efforts, fulfill their political tasks well, and promote local and national economic development,” Minister Pham Thi Thanh Tra shared.
How much will civil servant salaries increase if the basic salary increases to 2.34 million from July 1?
Minister of Home Affairs: Competent authorities agree to increase basic salary by 30%
Millions of people will get a 15% increase in pensions and social insurance benefits from July 1.
Source: https://vietnamnet.vn/chinh-phu-dam-bao-nguon-kinh-phi-913-300-ty-de-tang-luong-2295202.html
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