Venezuela remains without salary increase

This May 1, when International Worker’s Day is celebrated, there was no increase in the minimum wage in Venezuela, which remains at 130 bolivars; little more than $ 5 per month at the current rate of the Central Bank.

Instead of a salary increase, during the events scheduled for May 1, Nicolás Maduro indicated that an adjustment will be made to the cestaticket or food voucher, and the Guerra Económica bonus received by active and retired public administration workers, in addition to pensioners, through the Patria system.

Maduro pointed out: “We have been improving these months, but we have to continue working. The cestaticket will be increased to $ 40 and the Guerra Económica bonus to $ 30. To this we are going to apply the indexation, in addition to the salary that the working class already receives”.

The $ 70 of these increases will be indexed to the official exchange rate of the Central Bank of Venezuela, with which an amount below 1,500 bolivars is achieved.

It is important to note that the food basket is currently around $ 500 according to analysts from the Venezuelan Finance Observatory, who also place the country’s year-on-year inflation at 501 %.

M.Pino

With information from national and international media and social networks

(Reference image source: Kenny Eliason, Unsplash)

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