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Real wage – PM Dancila claims is growing, BNR document shows the contrary

Prime Minister, Viorica Dancila, said on Friday, at the beginning of the Government sitting, that the real wage has increased in the past year, as well as the purchasing power. But a document revealed on Thursday by national Bank Governor, Mugur Isarescu, reads totally different in terms of real wage, with the employees in the private sector most affected.

“The Government keeps its promises to increase the Romanians’ revenues. Recent figures from the Statistics Institute (INS) show that the nominal gross wage has increased to almost EUR 1,000 (RON 4,482).The increase of the net wage in September 1028 against September 1027 was of 13.1%. The purchasing power in September against last September was of 7.7%,” Premier Viorica Dancila said, realitatea.net reports.

However, in the report on inflation presented on Thursday, BNR Governor Mugur Isarescu presented the developments regarding the real wage (considering inflation and other factors) during 2016-2018. In 2016 the real wage increased constantly (during the technocrat governance, followed by a peak in Q1 2017 (during the first PSD cabinet) and by a downward trend from Q2 2017 until Q3 2018.

BNR points to moderate advances of the real wage earnings and a decrease in the consumption’s dynamics.

The revenues in the private environment have fallen, while the state employees enjoyed wage increases, most significant during the Dacian Ciolos government, the same source reads.

The BNR calculations are based on figures delivered by INS and own processing, the BNR report on inflation reads.

 

 

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