ADJUSTMENTS IN THE MINIMUM WAGE AND CESTATICKET SOCIALISTA IN VENEZUELA

by Daniel Padilla Mantellini • 9 May, 2017

EFFECTIVE MAY 1, 2017 Through Decrees 2.832 and 2.833 (Official Gazette of the Bolivarian Republic of Venezuela N° 6.296 E of May 2, 2017), President Nicolas Maduro increased both the minimum wage and the Cestaticket Socialista (Meal benefit).   The President decreed a 60% minimum wage increase, which went from Bs. 40.638,15 to Bs. 65.021,04. […]