Delcy Rodríguez Announces Venezuela's "Integral Minimum Income" Will Reach 240 Dollars
For the first time since the fall of Nicolás Maduro, Venezuela's "integral minimum income" will experience an increase, this time by 26%, rising from 190 to 240 dollars per month.
TL;DR
- Venezuela's "integral minimum income" will increase by 26% to $240 per month.
- This is the most significant increase in recent years.
- The new income level is still insufficient to cover the estimated $677 cost of a basic food basket for a family of five.
- The minimum wage remains frozen at $0.30, with high inflation (475% in 2025).
- Pensions will also increase to $70 per month.
- The government plans to reform labor laws, aiming for competitiveness, while unions fear the loss of protections.
- Venezuela's economy, which lost 80% of its GDP, shows signs of recovery since 2021 but is still insufficient for most citizens.
- Approximately 7 million Venezuelans depend on informal employment.