MP that sets minimum wage at R$ 1,045 is published in the Federal Official Gazette

The Provisional Measure that increases the minimum wage of Brazilian workers to R$ 1,045 was published in this Friday's (31st) edition of the Official Gazette. This change carried out by the government will take place from February 1st. It is worth remembering that the minimum wage set by the MP of December 31 of last year was R$ 1,039. With the change proposed by the new measure, there will be an increase of R$ 6 in this value.

With this in mind, it is important to mention that the minimum amount that a worker can receive per day is R$ 34.83. Per hour, the amount he earns cannot be less than R$ 4.75. Want to know more about the minimum wage change proposed by the government? Then keep reading our article because we will present you with the main information on this subject!

More information on the minimum wage change

According to the government, the salary amount set by the new Provisional Measure was calculated taking into account the projection of the National Consumer Price Index for December. Planalto’s objective in changing the minimum wage was to adapt it to the INCP variation, which was revealed by the Central Bank on January 10, 2020.

It is important to note that the benefits granted by the INSS cannot be less than the amount fixed by the government. In addition, you need to understand the impact of this R$ 6 increase on public coffers. For every R$ 1 that is added to the minimum wage, the government needs to disburse R$ 355 million monthly.

There is an interest on the part of the Planalto to stipulate a formula to correct the minimum wage. It was commented by Waldery Rodrigues, special secretary of Finance at the Ministry of Economy. According to him, the government wants the readjustment of the 2021 wage floor to take into account the inflation that was verified between December of last year and November of this year.

Final considerations

Having said that, we News Report we hope to have clarified the change that was fixed by the Provisional Measure published today. Comment what you think of the increase in minimum wage and if you think this value will help you to deal better with your budget. Also, be sure to follow our website to find out more news related to the economy of our country and the world.

Source: wow