MEF on raising the minimum wage: “In the face of recovery this issue could be discussed again”

MEF on raising the minimum wage: “In the face of recovery this issue could be discussed again”

During his message to the nation of 28 of Julythe president of the Republic, Dina Boluarte, expressed his desire to soon announce an increase in the minimum vital remuneration (RMV), which is currently at S/1,025. However, more than three months after this speech, the perspective on this issue has changed.

In the words of the head of the Ministry of Economy and Finance (MEF), Alex Contreras, The current economic situation in Peru means that the discussion regarding an increase in the minimum wage is postponed. However, it considers that an agreement must be reached in the National Labor Council regarding the methodology that should be used when evaluating an increase in the RMV.

The drop in production and the deviations from the July and August projections make us postpone this decision. However, what I do believe is on the agenda is the methodology. Now with a view to recovery, I think this issue could be discussed again,” said Contreras Miranda in dialogue with The Republic.

Asked if the discussion on increasing minimum remuneration could be resumed in 2024, the Minister of Economy stated that it is a possibility, as long as the peruvian economy has managed to recover and the risks of the El Niño phenomenon have dissipated.

“Next year, yes, I think it is more appropriate, post-recovery, post-Niño, to start looking at this issue, because The boy It is a significant risk,” the official concluded.

Source: Larepublica

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