Lithuania: Government approves minimum wage hike in 2024

The Lithuanian government has approved the Social Security and Labour Ministry’s proposal to raise the minimum monthly wage by 10% to EUR 924 before tax as of 2024, Baltic News Network reports. Pending parliamentary approval, the minimum hourly wage will also rise from the current EUR 5.14 before tax to EUR 5.65. Social Security and Labour Minister Monika Navickiene stated that the planned increase in the minimum wage, along with a 20% raise in the non-taxable income threshold, will result in a net salary increase of EUR 76 for the lowest earners next year. Currently, Lithuania’s minimum monthly wage stands at EUR 840 before tax and EUR 633 after tax.