Minimum wage hike to be brought forward in spring budget statement

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Ministers agreed to raise the minimum wage by a further 2.5% per year from 2023 in a bid to win support for a package of measures to shore up government finances.

The coalition deal included a commitment to raise the minimum wage by 7.5% over a two-year period from 2024, but this will now be spread over three years, sources in The Hague said. SAI diffuser.

The coalition’s plans are due to be discussed at Friday’s cabinet meeting so they can be sent to parliament before the start of June.

In total, ministers must find 10 to 15 billion euros to compensate for additional expenditure due to soaring energy prices, MPs’ insistence on increasing the state pension and compensating those affected by the tax on savings now abolished illegal.

Defense spending should also increase to achieve NATO goals.

Choice

Options on the table included canceling plans to cut corporation tax on profits up to €400,000 and ending the 30% ruling, tax relief for some international workers brought in from stranger, NOS said last month.

However, according to Thursday Telegraafthe government intends to reduce its allocation of 2.2 billion euros to two special funds which have been set up to finance measures to combat climate change and to stimulate innovation.

The cabinet needs opposition support to push through more controversial measures through the Senate, where it controls just 32 seats, six short of a majority.

However, commentators say it is doubtful whether the move to bring forward the minimum wage hike will be enough to win support from GroenLinks or the PvdA, both of whom say more needs to be done to shore up purchasing power .

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