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Labour Ministry suggests raising subsistence level

The Labour Ministry has proposed raising the monthly subsistence level for adults to Sk5,800 as of January 1, the SITA newswire wrote.

The Labour Ministry has proposed raising the monthly subsistence level for adults to Sk5,800 as of January 1, the SITA newswire wrote.

It would also raise the subsistence level for a dependent spouse to Sk3,770 and that for a dependent child to Sk2,610. This information stems from a report the Labour Ministry submitted for interdepartmental review.

The current subsistence level for an adult is Sk5,130, for a dependent spouse Sk3,580 and for a dependent child it is Sk2,340.

"In order to make sure that the subsistence level does not lose its real value, its value will be adjusted each July 1 by the growth the coefficient of living costs of low-income households," states the ministry in its report.

At present, the ministry adjusts the subsistence level annually according to the development of living costs as of July 1. It raises the level either by the growth coefficient of net incomes or the growth coefficient of living costs of low-income households, whereby it takes into consideration the lower of the two. That index that is lower is used for increasing the subsistence level.

The subsistence level is, for example, also used to determine the non-taxable part of personal income taxes. SITA

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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