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First modification: 05/01/2026 - 04:18

The interim president, Delcy Rodríguez, said this Thursday, April 30, that the comprehensive minimum income of the country's workers, made up of salary and bonuses, will rise by 26%, amidst claims from unions that demanded an adjustment to their income after the recent agreements with the United States.

Without giving further details, the interim Government of Venezuela announced that it will decree an increase in the comprehensive minimum wage that will take it to the equivalent of 240 dollars per month.

The announcement coincided with a protest by workers demanding improvements in their income to confront inflation that, according to the Central Bank, stood at 649% annually in March.

"When I see workers protesting, I think: 'They're right.' We want better wages for workers. We want wages to recover what they really represent. Of course. This is the first step to guarantee the purchasing power of workers throughout the country," Rodríguez declared during a simultaneous march calling for an end to US sanctions.

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To understand it better, it is enough to know that the base minimum wage in this South American country has remained frozen at 130 bolivars since 2022, equivalent to about 27 cents on the dollar at today's exchange rate.

This income is complemented by a monthly bonus that public workers receive in bolivars at the official rate of the day and which has no impact on labor benefits. According to the Government, between the two, they raise income to 190 dollars per month.

But the depreciation of the bolivar has increased the fiscal cost of the bonuses. Economist firms in Caracas estimate it at about 400 million dollars in April, compared to nearly 250 million dollars in December.

Read alsoReport from Caracas: Rodríguez announces increase in the comprehensive minimum wage

Following the capture of President Nicolás Maduro and his wife by US forces in January, supporters of the ruling party in several states reported that some bonuses stopped being paid, helping to fuel discontent and even defections from the socialist party.

In Venezuela, the public sector employs more than three million people, while its pensioners number around five million, according to government figures, which announced that the salary of the latter will rise to 70 dollars per month.

For many, this increase is not enough to cope with inflation that the Central Bank reported at 649% annually in March.

With EFE and Reuters

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