Does it reach to live? Venezuela raises minimum income to 240 dollars
Delcy Rodríguez, acting president of Venezuela. Photo: AFP
TL;DR
- Venezuela's acting president, Delcy Rodríguez, announced a rise in the minimum integral income to $240 per month.
- The increase combines base salary and bonuses, but the exact distribution between them is unclear.
- The formal minimum wage has been frozen since 2022.
- The measure responds to demands from unions and workers facing loss of purchasing power.
- Pensioners will receive $70 monthly, acknowledged as insufficient by Rodríguez.
- The government attributes the income improvement to oil revenue and agreements with the United States.
- Venezuela recorded 71.8% inflation in the first quarter of 2026, impacting purchasing power.
- The announcement is seen as a significant shift in recent Venezuelan wage policy, with questions about its long-term effects.