Venezuela Raises Minimum Income to $240

Venezuela’s acting President Delcy Rodriguez unveiled a significant increase in the country’s “comprehensive minimum income,” raising it to the equivalent of $240 per month for both public and private sector workers. Pension payments were also lifted to $70. The government clarified that the adjustment covers a broad income scheme combining base salary and state bonuses, rather than a direct wage hike. Rodriguez urged private employers to apply the new minimum where incomes fall below the threshold. Officials described the measure as the most substantial increase in recent years, aimed at easing the impact of prolonged inflation and currency depreciation under US sanctions. The announcement reflects efforts to stabilize household incomes amid Venezuela’s ongoing economic crisis.

Source: Newstimehub