Podgorica, (MINA-BUSINESS) – Prime Minister Dusko Markovic has said that an increase in minimum wages might result in a higher unemployment rate, as it could leave the least productive workers jobless or make them migrate to informal economy if their employers do not find their registration economically feasible.
Answering the question of Ranko Krivokapic, MP of the Social Democratic Party (SDP), he said that the Government was carefully examining different scenarios related to minimum wages and relieving labour of the tax burden.
“Government has carefully considered the SDP’s initiative for reduction of the excise duty on fuel, even though it does not offer very innovative solutions,” said Markovic.
He said that, instead of mere promises of higher minimum wages, the Government must relieve workers of the tax burden.
Krivokapic asked why the Government had declined SDP’s initiative to increase minimum wages to €250, cancel the crisis tax and reduce the excise duties on fuel.
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