The Peruvian Government, through Ministry of Economy and Finance (MEF), has proposed a monthly salary increase for public employees. This measure corresponds to the collective bargaining process that the government maintains with various state institutions, which has generated various reactions among the beneficiaries and union representatives, considering it insufficient.
The salary adjustment would be aimed at more than 1,064,015 workers states, who would benefit at all levels from 2025, according to MEF projections. This adjustment is part of government policies to improve workers’ income. To materialize these increases, several processes remain that will be mentioned below.
Salary increase in Peru: how much is the Executive’s proposal?
Within the framework of the collective negotiations maintained by the Government of Dina Boluarte, the Ministry of Economy and Finance He has already made his first proposal effective. The fiscal space, that is, the budget proposed by the Executive for the readjustment of the salaries of public workers, amounts to 300 million soles. In summary, the proposed economic improvement would amount to S/ 23 per month per worker. This increase translates into S/276 additional annually for each public employee.
According to the source to which he had access The Republic, this fiscal space of S/300 million is an initial proposal. It is worth mentioning that, in 2022, a similar amount was recommended, which ultimately amounted to almost S/900 million.
Who would benefit from the salary adjustment proposed by the Executive?
The salary adjustment will benefit more than 1,064,015 workers in the public sector throughout Peru. This group includes employees from various government areas. The proposal of MEF It is seen as a response to the demands of the unions and workers, so the results of the negotiations are still awaited for next year.
When would the proposed salary adjustment for the public sector become effective?
The proposal of Salary readjustment is currently in the initial stage of collective bargaining, where the Government and union representatives are discussing the details and scope of the increase. It is worth mentioning that there are three negotiation stages contemplated during the process. What is clear is that these amounts will be reflected during the next year, if the negotiations reach a successful conclusion.
What is the Ministry of Economy and Finance?
The Ministry of Economy and Finance (MEF) is an entity of the Government of Peru in charge of formulating and supervising the economic, financial and fiscal policies of the country. Its mission is to guarantee efficient management of public resources, promote sustainable economic growth and maintain macroeconomic stability.
The MEF designs and implements strategies for fiscal administration, regulation of the financial system and public debt management. In addition, it is responsible for preparing the national budget and coordinating economic policy with other government entities and international organizations.
Source: Larepublica
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