The state Duma will consider a bill to raise the minimum wage

© RIA Novosti / Natalia to Seliverstova in photobacteria of the State Duma of the Russian Federation. Archive photoThe state Duma will consider a bill to raise the minimum wage© RIA Novosti / Natalia to Seliverstova the image Bank

The state Duma at plenary session on Friday will consider in the second and third readings of the presidential bill on raising the minimum wage (SMIC) to a living wage since may 1, 2018.

On Wednesday, the bill was approved by the deputies in the first reading.

The document proposes to set the minimum wage from may 1, 2018 in the amount of 11 163 thousand rubles a month, bringing it to the subsistence minimum of the working population. As noted in the explanatory note to the draft, the implementation of its provisions will affect 3 million people, of which 1.6 million are employed in state and municipal institutions.

According to the feasibility study of the project total cost to increase salaries of public sector employees in 2018 will amount to 39.3 billion rubles, including employees of Federal government agencies — 7.5 billion rubles, and employees of state institutions of RF subjects and municipal institutions to 31.8 billion rubles.

The need for additional funds to increase wages by increasing the minimum wage of employees of organizations of the real sector of the economy in 2018 will amount to 22.7 billion rubles.

One third of budget spending returned to the budget system of the Russian Federation in the form of payment of insurance contributions to state extra-budgetary funds and tax on income of individuals.

Earlier, Russian President Vladimir Putin said that the minimum wage in Russia will be equal to the subsistence level since may 1, 2018. According to him, to raise the minimum wage to the subsistence level is planned from 1 January 2019, but his meeting with the head of the Federation of independent trade unions of Russia Mikhail Shmakov he suggested that to accelerate the adoption of this decision, moving it to may 1 — labor Day.