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The minimum wage is expected to increase by 7.65%, according to the Lula government team. Find out the details!
The economic group of Luiz Inácio Lula da Silva's government predicts an increase of 7,65% in the minimum wage, raising the amount to R$ 1,421. This forecast is included in the 2024 budget proposal (PLN/29/23), which was presented to the National Congress last August.
Currently, the national base value is R$1,320, having undergone the last adjustment on May 1st, in celebration of Labor Day. Continue reading and stay up to date with information about the proposal for the coming year.
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With an increase of 7,65%, the 2024 minimum wage could reach R$ 1,421
According to the proposal, revenue is estimated to cover expenses of R$2.2 trillion, culminating in a fiscal balance. Experts from the Ministry of Finance indicate a surplus of R$2.8 billion. However, according to the new fiscal structure, this target will only be achieved if there is a deficit or surplus that does not exceed R$29 billion.
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In terms of the expected minimum wage, the value represents an estimate, as it is based on factors such as the annual variation of the INPC until November. In addition, it is necessary to incorporate the 2022 GDP, recorded at 2.9%.
For the year 2024, a budget of R$5.5 trillion is projected. This includes spending on public debt and the fraction of R$151.3 billion earmarked for investments in state-owned companies.
What is Minister Haddad's view on the 2024 Budget?
Read also: How to start investing with little money
According to Finance Minister Fernando Haddad (PT), the tax revenue estimates prepared by the Federal Revenue Service for the 2024 Budget proved to be prudent. For the minister, such cautious forecasts may result in unexpected benefits soon.
The project is receiving a positive outlook. Given the estimates, figures from the economic sector, including Haddad and the Minister of Planning and Budget, Simone Tebet (MDB), confirmed the adjustment of 7.65% in the minimum wage. However, it is vital to mention that the National Congress is still analyzing the 2024 Budget.
