Will any bonuses be paid in 2024 to face the recession?  This was reported by the Minister of Economy

Will any bonuses be paid in 2024 to face the recession? This was reported by the Minister of Economy

The Peruvian economy is experiencing a recession, which is why many families are having financial difficulties paying for food and services. Given this scenario, the question arises as to whether the Government will grant new bonuses in 2024 so that households can sustain themselves on a day-to-day basis.

Therefore, in the following note we detail what the Minister of Economy, Alex Contreras, has said about this topic and what are the bonuses that the State delivers in this month of November.

Will bonuses be paid in 2024?

According to statements by the Minister of Economy and Finance, Alex Contreras, it is not planned to implement additional bonuses in 2024.

We have not contemplated any additional targeted bonus like those that occurred during the pandemic or until 2021.“said the official in an interview with La República in October.

The minister added that, although there are resources in the contingency reserve, the Government’s main focus will be to promote temporary employment programs to boost the economy.

What bonuses will be paid in November 2023?

Although no additional bonuses are expected in 2024, during November 2023 some bonuses will be given for specific sectors of the population.

Teaching bonus of S/220

One of those that will be paid in November 2023 is the teaching bonus of S/220. This bonus will be given to teachers and educational assistants appointed and hired from educational institutions of basic and productive technical education, included in Law 29944, ‘Teaching Reform Law’; and Law 30328, ‘Law that establishes measures in educational matters’.

Bonus 500 for workers of the Judicial Branch

Another bonus that will be paid in November 2023 is S/500 for workers in the Judicial Branch. This subsidy will be granted to employees of the Judicial Branch who are part of the regime of Legislative Decree 1057.

Bonus 600 for state workers

This subsidy of S/600 will benefit employees who belong to the regimes of legislative decrees 276, 728, 1057 and laws 30057, 29709 and 2801, of the institutions of the national government, regional and local governments.

What is a Government bond?

A Government bonus is a subsidy or financial aid that is granted to certain sectors of the population to provide financial support in times of difficulty. These bonds are provided by the State on a temporary basis and their main objective is to alleviate the economic burden of people who are in a vulnerable situation.

Source: Larepublica

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