The government also plans to introduce a new mechanism for determining
The government also plans to introduce a new mechanism for determining minimum wage increases in 2028, with future adjustments more closely linked to objective economic indicators.
Social Security Contributions to Fall in April
A reduction in employee social security contributions is also scheduled for April 2027. The measure will apply exclusively to the employee share of contributions in the private sector, reducing payroll deductions and increasing net earnings.
Its estimated fiscal cost is €163 million in 2027 and €218 million in 2028.
Following the reduction, combined employer and employee social security contributions in the private sector will have fallen from 40.56% in 2019 to 34.66% in 2027, a decline of 5.9 percentage points. Over the same period, employee contributions will have decreased from 15.75% to 12.87%, while employer contributions will have fallen from 24.81% to 21.79%.
Public Sector Pay Raises and Christmas Bonus
Public sector employees are also expected to receive salary increases following a change introduced in 2025 linking annual minimum wage adjustments to the public sector pay scale. Monthly increases are estimated at €40 to €50, depending on the employee’s salary grade.
The adjustment will apply to newly hired public employees as well as those in other
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