Peña signed a decree that makes the adjustment of the minimal wage official to G. 2,798,309 since July

Asunción, IP Company.- The President of the Republic, Santiago Peña, signed Decree No. 1909, which supplies for the readjustment of the authorized minimal wage for employees within the personal sector. This adjustment, which represents a rise of 4.4%, might be carried out as of July 1, 2024.

The brand new authorized minimal wage might be 2,798,309 guaraníes, whereas the minimal day by day wage might be established at 107,627 guaraníes.

The measure responds to the advice of the Nationwide Council of Minimal Wages (Conasam), primarily based on collected inflation measured by the Shopper Value Index (CPI), as reported by the Central Financial institution of Paraguay.

The decree additionally authorizes the Ministry of Labor, Employment and Social Safety to manage and publish minimal wages for numerous specified actions.

This provision goals to make sure the right implementation of the readjustment and compliance with the technical standards established by the Nationwide Minimal Wage Council.

The wage readjustment seeks to compensate for the lack of buying energy of employees in accordance with the rise in costs of merchandise within the fundamental basket.