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. Last Updated: 07/27/2016

New Wage Figured In

MOSCOW () -- The increase in the minimum wage approved by the Duma will cost federal and regional budgets about 3 trillion rubles a month, an economics ministry official said Thursday, Interfax reported.


Nikolai Lagutin of the ministry's finance department said the 26 percent increase approved Wednesday, from 43,700 rubles a month to 55,000 rubles, could be accommodated in the federal budget because tax revenues were rising along with gross domestic product