Delcy Rodríguez announced a "responsible" salary increase for May 1st
Delcy Rodríguez announced a "responsible" salary increase for May 1st
TL;DR
- A salary increase is set to take effect on May 1, 2026.
- The government attributes the economic crisis, including hyperinflation and shortages, to U.S. sanctions imposed in 2017.
- A commission for labor dialogue will be established to address issues like salaries, pensions, and vacations.
- A new law aims to streamline administrative procedures by eliminating unnecessary steps and reducing processing times.
- A commission will determine the strategic nature of state assets, potentially returning non-strategic companies to private capital, excluding the oil industry.
- The National Council of Economy is asked to develop a new tax model, and reforms to real estate laws are to be debated.
- A pilgrimage is organized for April 19 to demand the lifting of U.S. sanctions against Venezuela, culminating in Caracas on May 1.