The Ministry of Labour has issued a statement outlining the salary increments that will be made to private sector employees, starting this year, based on the government’s 2025 budget proposal.
According to the Labour Ministry, it has been proposed to increase the basic salary from Rs. 21,000 to Rs. 27,000 and the minimum wage from Rs. 700 to Rs. 1080.
As such, the minimum wage of Rs. 21,000 given now for private sector workers is a combination of Rs. 17,500 given under the provisions of the National Minimum Wage of Workers (Amendment) Act, Rs. 1000 under the Budgetary Relief Allowance of Worker Act, No. 36 of 2005 and Rs. 2,500 under the Budgetary Relief Allowance of Workers Act, No. 4 of 2016.
A previously given Rs. 3500 as a budgetary relief allowance will now be added to the minimum wage, which will see an increase in the basic salary and the benefits provided in line with the salary scale.
The Labour Ministry further said that the government has proposed an increment of Rs. 27,000 to basic salary this year, while next year it hopes to grant an increment of Rs. 30,000 and also hopes to increase the minimum wage from Rs. 1080 to 1200.
Stating that the Cabinet’s approval has been received in this regard, the Labour Ministry added that the necessary bill in this regard will be presented to Parliament soon. (Newswire)
