Brazil's minimum wage to rise from May, president says

0 Comment(s)Print E-mail Xinhua, February 17, 2023
Adjust font size:

BRASILIA, Feb. 16 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva announced Thursday the minimum monthly wage will increase from the current 1,302 reais to 1,320 reais (251 U.S. dollars) starting May.

Lula said his administration would set a new rule for the minimum salary taking into account inflation compensation and GDP growth, saying "it is the fairest way to distribute economic growth."

Those earning less than 2,640 reais (505 dollars) a month would be exempted from income tax and the exemption level will progress until it reach 5,000 reais (958 dollars), he said.

The tax reduction is high on the new government's economic agenda. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter