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The Government of the Republic of Serbia

In the service of citizens

Government passes Decision on minimum wage for 2024

Belgrade, 14 September 2023

The Serbian government passed today the Decision on the minimum wage for the period January-December 2024, according to which the minimum wage, excluding taxes and contributions for the mandatory social security, will be increased to RSD 271 per working hour.

This means that the minimum wage, instead of the current RSD 230, will be increased to RSD 271 per hour, which is an increase of 17.8 percent.

After this record increase, the minimum wage will amount to RSD 47,154, or an average of €401 per month.

This will be significantly above the expected average inflation of 4.9 percent in 2024, which will affect the faster and more significant approach of the minimum wage to the minimum consumer basket.

The government also adopted the Regulation on capital projects, which in a unique and comprehensive way regulates the procedure for selecting and implementing a capital project, with the aim of more effective and efficient management of public funds.

Government members adopted the Conclusion regarding the organisation of the "Sports meeting of young people from the diaspora" event, the aim of which is for young people from the diaspora to meet their peers from Serbia, acquire basic knowledge about the country they come from and develop an identity bond with the motherland, considering that in our diaspora, the third and fourth generation of young people are already growing up who have mostly never been to Serbia.