Venezuela: New salary increase will be effective as of July 1
"The entire national government must apply this increase. We must ensure that both the public and private sectors apply the new wage increase, "Piñate said in an interview with VTV.
The minimum wage increase is from 1,000,000 bolivars to 3,000,000 bolívares. Likewise, the food ticket will increase from Bs 1,555,500 to Bs 2,196,000.
With these increases the minimum integral income is located at 5,196,000 bolivars, which represents an increase of 103%, with respect to the previous amount, which stood at 2,555,500 bolivars.
In addition, the national president increased the amount of pensions, the economic warrant and the social protection bonds.
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