The President of Venezuela on the eve of the General strike promised to raise the minimum wage in the country by 40%
Faced with the threat of the resignation of Venezuelan President Nicolas Maduro has promised to raise the minimum wage in the country at 40%. He stated this on Thursday, 27th October, on national television, reports El Nacional.
It is expected that the increase will take effect from 1 November. After that, the minimum size of pensions and wages in the country will increase from 22.5 thousand bolivars to 27 million, and allowances different tax groups – from 42 thousand to 63.7 thousand In the end, the minimum wage in the country will amount to 90.9 thousand bolivars (about $ 138), according to El Nacional.
“Wages of all public sector employees, including teachers, police and doctors will automatically increase by 20%” – quoted Maduro Noticias24.com.
The President also promised that “starting tomorrow” all workers in Venezuela will begin to pay out bonuses. He also noted that the announced wage increase will be the fourth for the current year.
The BBC Russian service notes that the statement of the President made after the opposition calls for a General strike on 28 October. The President also warned that all the companies that will cease to exist on the day of the strike, will be subjected to government inspections.
On 27 October several hundred supporters of the President gathered near the building of the Congress of Venezuela, where lawmakers discussed the possibility of displacement Maduro from the presidency. On the eve of the numerous protests again escalated into clashes of protesters with the police, particularly to the West of the Venezuelan cities of San Cristobal and Maracaibo. It was reported at least one of the victims.
In addition to Friday’s strikes, opposition leaders urged Venezuelans to go on a March to the presidential Palace on 3 November if the government does not withdraw its decision to block a referendum on impeachment Maduro. On Tuesday, October 25, controlled by the opposition, the Venezuelan Parliament (national Assembly) voted for the beginning of the trial of the President.
On Sunday, October 23, the national Assembly announced the coup the actions of Maduro, who actually blocked the holding of a referendum on impeachment.
We will remind, Venezuela for several years is experiencing a severe economic and financial crisis, which worsened in the last two years because of falling oil prices – the main export item of the country. The country has seen inflation of hundreds of percent, the deficit and the devaluation of the national currency, the Bolivar.
In early 2016, the country’s Central Bank reported that by the end of 2015, inflation reached a record high of 180%. This is the highest figure not only for Venezuela, but generally in the world, gave to Reuters.
According to IMF forecasts, this year inflation will reach 475%, reports CNN. “If two years ago the value of a dollar was 100 bolívares, today – 1262 Bolivar”, – said the TV channel with reference to the website DolarToday.com.
In may and June 2016, the shortage of food and medicine in Venezuela has worsened so much that in some regions of the country held rallies that turned into riots.
Maduro is trying to buy time, says former Venezuelan diplomat Jose Nicolas Rojas: “the Only hope of the government – the price of oil, which, they expect, in these two years will rise again”, write “Vedomosti”.
Recently the Minister of oil industry of Venezuela, Eulochio del Pino made the trip to Russia, where he held talks with Minister of energy of Russia Alexander Novak. It was reported that the meeting discussed the coordination of joint actions on stabilization of oil production.