A plastic card, a wage schedule and coins. The arrears of wages are the record low now in Russia. According to Rosstat, the payment was delayed to some 1 percent of employees (0.3 million) as of December 1, 2007.
Photo: Roman Yarovitsin
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Employers Owe Less Than $1 Per Capita
The arrears of wages are the record low now. According to Russia’s statistics authority, Rosstat, the payment was delayed to some 1 percent of employees (0.3 million) as of December 1, 2007. The overall debt totaled 3,461 million rubles and the better part of it could be attributed to companies’ insolvency. The arrears caused by the lack of budget funds didn’t exceed 227 million rubles (6.6 percent). On aggregate, this debt accounted for 1 percent of the monthly wage fund.
The arrears are just 0.1 percent in education, healthcare, social services, cultural activities, but agriculture is the debt leader with the arrears of 4 percent of the monthly wage fund. The labor authorities say the situation with arrears of wages has stabilized and the list of non-payers spells out only bankrupt enterprises. The Chechen Republic accounts for the better part with the arrears of 23 percent, the Altai district has 7.7 percent and Samara and Omsk regions have 7.1 percent and 6.5 percent respectively.
In terms of per capita arrears, the Far East and the South Federal Area are the obvious leaders. The enterprises and government owe 68.72 rubles to each resident of the Far East and 43.94 rubles to each resident of the South Federal Area vs. 24.37 rubles in Russia on average.
The trend is forecasted to survive in 2008, the arrears of wages will hit less than 1 percent of the nation, equal less than 1 percent of all-Russia’s wage fund and less than $1 per capita. The result appears really impressive if compared with the arrears of 1990s.
www.kommersant.com
All the Article in Russian as of Dec. 25, 2007
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