The paper said that the move would increase basic wages by an average of 15 percent, noting that the last hike of a similar range had been made in 2017.

The city management is also planning to spend another 15 billion forints to give a 15 percent pay rise to nearly 18,000 employees of the city’s municipally owned companies under a 3-year agreement with unions to adjust wages in line with changes to the minimum wage, the paper said.