The key facts

  • The minimum wage in 2027 is planned at 28,935 rubles
  • The increase relative to the 2024 level is about 50.4%, with projected inflation of 6.8% for the current year
  • Minimum sick leave and maternity benefits are calculated from the minimum wage and will rise along with it

The minimum wage will affect not only salaries

The planned increase of the minimum wage to 28,935 rubles in 2027 will affect not only salaries but also minimum payments for sick leave and maternity leave. Igor Balynin, Candidate of Economic Sciences, told Gazeta.Ru about this. Igor Balynin is a Candidate of Economic Sciences and an associate professor at the Financial University under the Government of the Russian Federation..

What the economist explained

According to Balynin, in Russia the minimum wage is used to regulate labor remuneration and to determine the amounts of benefits for temporary disability and maternity leave, as well as for other purposes of compulsory social insurance. If the figure reaches 28,935 rubles, the cumulative increase relative to the 2024 level will be about 50.4%. In the economist's assessment, this is noticeably higher than the accumulated inflation over a comparable period, given the projected price growth of 6.8% for the current year. At the same time, he noted that the actual ratio will depend on the final inflation and the approved minimum wage amount.

Context

Earlier, on October 23,Gazeta.Ru already reported on plans to raise the minimum wage to 28,935 rubles in 2027. The economist also admits that the growth of the minimum wage may support higher earnings beyond the lowest-paid positions. The final parameters of the increase will become known after the minimum wage amount is approved.