At a public event in Caracas, acting President Delcy Rodriguez announced a sweeping rise in Venezuela’s minimum income scheme, setting it at $240 per month and increasing pensions to $70. The measure applies nationwide and is framed as a comprehensive package that includes state bonuses alongside salaries. Rodriguez called on the private sector to align with the new standard, emphasizing its importance for workers struggling under inflation and sanctions. The government hailed the move as the largest adjustment in recent years, though analysts note that Venezuela’s economic challenges remain severe, with currency depreciation continuing to erode purchasing power. The policy underscores the administration’s attempt to balance social support with economic realities in a fragile financial environment.
Source: Newstimehub
