The Welsh government has rejected GPC Wales' pleas to uphold the DDRB's recommended 2.29% uplift. But the decision will mean that Welsh practices will receive more than England's 1.32% (excluding locum superannuation).
GPC Wales chairman Dr David Bailey said that it will be easier for practices in Wales to maintain current income levels than those in England, but warned that some face a drop in profit.
'Unless practices make further adjustments, they may face losses,' he said. 'It is doubtful that there will be a 1% pay rise for GPs in Wales.
'Every practice will get 1.5% uplift through the global sum equivalent. That is the fairest way of doing things at the moment.'
When asked if the uplift will result in a pay rise for practice staff, Dr Bailey said: 'That will be for individual practices to determine. Most practices will hugely value the hard work practice staff do and will want to reward that appropriately.'
GPC Wales struck a contract deal with the Welsh government in January, which put on hold plans to axe MPIG over seven years, as in England.
QOF thresholds will be lower than England, with practices asked to match the performance of the top half of practices in the previous year to earn maximum points, rather than the top 25%.
GPs in Wales will also retain 59 of the QOF points for organisational targets.
Thresholds for hypertension indicators will not be raised and money taken out of QOF for reducing avoidable A&E visits will be redistributed into practices' global sum equivalent payments, ensuring that it will be received by all practices and not just the 40% who do not rely on MPIG top-ups to their global sum funding.
Payments made to practices to cover locum superannuation costs will also be paid into the global sum equivalent.
Dr Bailey said: 'I think because we have come to an agreement that is more reasonable, they will be able to maintain their income.
It will be far more difficult in England.'