The state Duma adopted in the first reading the government draft law on increasing the minimum wage (SMIC). The document proposes, from 1 January 2020 to set the minimum wage at 12 130 rubles a month that will equal the subsistence minimum for the II quarter of 2019. So, compared with the current minimum wage (11 thousand 280 rubles) growth will make 850 roubles, or 7.5 percent. "The bill will help to ensure an increase in salary of about 3, 2 million employees," is written in an explanatory note. As can be seen from the economic and financial justification, the increase will be differentiated taking into account regional coefficients and percentage increments - from 850 roubles in the Central and southern regions up to 2550 roubles in the Chukotka Autonomous district. The cost of increasing public sector wages will be 20, 9 billion rubles, of which the Federal government workers will need 5, 8 billion, while employees of regional and municipal institutions, fifteen, 1 billion. At the same thirty percent of the costs return in the budget in the form of insurance contributions and tax deductions on personal income. in addition, according to the document, the additional Costs of the real sector of the economy will be 20, 8 billion. The increased minimum wage has an impact on the size of unemployment benefits, taxes, and different social benefits. Under the law, the regions may establish a higher minimum wage. <span style="color:darkgray